JSW Energy Reports Strong Growth and Sustainability Achievements in Q2 FY25
Key Ideas
- JSW Energy's Q2 FY25 results show a 14% YoY increase in net generation, driven by wind, thermal, and hydro capacity additions.
- Despite a 5% decline in reported EBITDA, underlying EBITDA increased 4% YoY due to higher generation.
- The company achieved significant sustainability milestones with top ratings from MSCI, CDP, and DJSI, as well as recognition for 'Best Workplaces' in 2024.
- JSW Energy is making progress in growth projects with new capacity additions and locked-in generation capacity of 19.2 GW, including significant wins in RE bids.
JSW Energy Limited has reported strong results for the quarter ending September 30, 2024, with notable achievements across operational, financial, and sustainability aspects. The company's net generation increased by 14% YoY, fueled by capacity additions in wind, thermal, and hydro plants. Despite a slight decline in reported EBITDA, the underlying EBITDA saw a 4% YoY increase, primarily due to the rise in generation. JSW Energy also maintained a robust balance sheet with key metrics such as Net Debt to Equity and Net Debt to EBITDA showing favorable ratios. The company received top ratings for ESG practices from MSCI, achieved a high score in S&P Global DJSI, and was recognized as a 'Best Workplace' by Great Place to Work in 2024. In terms of growth projects, JSW Energy commissioned new capacities in wind, won significant RE bids, and signed new PPAs during the quarter, consolidating its position with a total locked-in capacity of 19.2 GW. Notably, the company is venturing into green hydrogen, with equipment deliveries and civil works ongoing for a hydrogen supply agreement with JSW Steel. Additionally, projects like BESS and Pumped Hydro Storage are progressing well, with expected commissioning dates in the coming years, showcasing JSW Energy's commitment to sustainability and innovation.