JSW Enters Into Contract With GE Renewable Energy

JSW Energy on Thursday said it has entered into a contract with GE Renewable Energy for the supply of 810 MW wind turbines. The company said the supply of 810 MW onshore wind turbines is for its under-construction pipeline of 2.5 GW of renewable projects in India.

The supply of the turbines will start by the second quarter of 2022 (calendar year), JSW Energy said in a statement. These turbines will produce enough green energy to meet the annual electricity requirements of more than 2.1 million households in the country, it added.

Prashant Jain, Joint Managing Director and CEO of JSW Energy, said, "We are proud to partner with GE, a high-tech industrial company, to contribute to India's renewable energy goals. Our company has set a target to reach 20 GW of power generation capacity by 2030, by when the share of renewables in our entire portfolio will become 85%.

"The projects being implemented in Tamil Nadu is our first large scale wind power project. We look forward to working with GE to achieve our energy transition and growth targets."

Sheri Hickok, the CEO of GE Renewable Energy's Onshore Wind International business, said, "It will be a unique partnership where both the companies will leverage their respective strengths to deliver competitive levelised cost of energy. Together, we are aiming at enabling the energy transition in India, helping the country to achieve its renewable energy targets."

JSW Energy has set an ambitious target of 50 per cent reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050 by transitioning towards renewable energy. The company has set a target to reach 20 GW capacity by 2030, with share of renewable energy at 85 per cent, up from 30 per cent currently.

Around 2.2 GW of wind and solar projects, tied with SECI and JSW Steel, are expected be commissioned in the next 18-24 months, while the 240 MW Kutehr hydro project is expected to be commissioned in the next 36-40 months, the company said. 

With the commissioning of these projects, the company's total generation capacity will increase to around 7 GW, with renewable energy contributing more than 50 per cent. 

(PTI)