JSW Energy is set to significantly boost its capital expenditure over the next six years to support its capacity expansion initiatives. The company aims to invest ₹1.15 trillion to reach a capacity of 20 GW by 2030 and achieve 40 GWh as part of its Strategy 2.0.
For the current financial year, the planned expenditure is around ₹15,000 crore. Previously, JSW Energy had increased its capex from ₹85,000 crore to ₹.12 trillion.
The company has made substantial progress toward its goal of becoming a 20 GW generation company ahead of the 2030 timeline. Driven by high power demand, a robust pipeline of under-development capacity, and a strong capital structure, JSW Energy is well-positioned to accelerate its 2030 targets. The company is also committed to reducing its carbon footprint by 50 percent by 2030 and achieving carbon neutrality by 2050.
JSW Energy is on course to commission its ongoing projects in power generation, battery storage, and green hydrogen production. The growth capital secured through a recently completed Qualified Institutional Placement (QIP) will further support its expansion plans. As reported by projectstoday.com, the company recently raised ₹5,000 crore to fund its renewable energy initiatives.
