JSW Energy's Vision 3.0: Revising Capacity Targets and Focusing on Renewables
Key Ideas
- JSW Energy is set to unveil Vision 3.0 with revised capacity targets beyond 20 GW by 2030, focusing on B2B power generation and expanding its renewable energy portfolio.
- The company aims for two-thirds of its portfolio to be green energy by FY'26 and is investing significantly in renewables, with plans to start manufacturing key components in India.
- JSW Energy has added 3.2 GW of capacity in FY'25 through organic and inorganic means, with expectations to surpass that in FY'26, enhancing free cash flows for future expansions.
- While interested in nuclear power, JSW Energy is waiting for a conducive policy framework from the government and is also commissioning a green hydrogen project for steel production at Vijaynagar.
JSW Energy is gearing up to introduce Vision 3.0, aiming to surpass its initial 20 GW capacity target by 2030 and enhance its renewable energy portfolio. The company is shifting its focus towards business-to-business (B2B) power generation while expanding green energy sources such as solar and wind to make up two-thirds of its portfolio by FY'26. With ongoing developments, JSW Energy plans to reach a total capacity of 30 GW through operational and planned projects. Additionally, the company is investing in manufacturing wind turbine blades in India and is commissioning a green hydrogen project for steel production. JSW Energy's recent inorganic acquisitions and future evaluations are part of its growth strategy. Although considering nuclear power, JSW Energy awaits a supportive policy environment from the government. Despite refraining from business-to-consumer activities, the company remains optimistic about its financial performance, focusing on EBITDA and margin improvements over the next five years.