JSW Energy Commissions Halol Wind Blade Manufacturing Plant, Strengthens Wind Energy Supply Chain

JSW Energy Limited ("the Company") today announced the commissioning of its wind blade manufacturing plant at Halol, Gujarat, marking a significant step in vertically integrating its wind energy value chain and de-risking its supply chain.

The Company currently operates an installed wind energy capacity of 3.9 GW. Further, the Company has 6.5 GW of locked-in hybrid capacity - in which wind is an integral component, and 2.4 GW of plain-vanilla locked-in wind projects, making it one of the largest wind power players in the country.

To support its future wind energy growth plans, the Company has commissioned a wind blade manufacturing facility at Halol, Gujarat, with another plant in advanced stages of commissioning at Chitradurga, Karnataka. The now fully commissioned Halol facility has an annual production capacity of up to 450 wind blades, equivalent to 600 MW of wind projects. The plant will manufacture 82-metre wind blades compatible with 4 MW Wind Turbine Generators.

This in-house manufacturing capability will enable the Company to de-risk its supply chain, support MNRE's domestic content requirements, and further optimize capital expenditure on wind energy projects by reducing logistics and other input costs, thereby enhancing the IRR profile of these projects. It also insulates the Company from input price fluctuations in wind blades.

Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy "The commissioning of our Halol wind blade manufacturing plant is a defining milestone in our journey towards building a resilient and self-reliant renewable energy platform. By bringing critical manufacturing capabilities in-house, we are not only securing our supply chain against volatility but also enhancing the cost competitiveness and returns of our wind portfolio. This reinforces our commitment to delivering sustainable, long-term value for all our stakeholders as we accelerate towards our renewable growth ambitions."

JSW Energy has a total locked-in generation capacity of 32.1 GW, comprising 13.7 GW operational and 13.8 GW under construction across thermal, hydro, and renewables, with a pipeline of 4.6 GW. The company also has 29.6 GWh of locked-in energy storage capacity, comprising pumped hydro storage of 26.4 GWh and battery energy storage systems of 3.2 GWh. The company aims to reach 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030, and to achieve carbon neutrality by 2050.

Shares of JSW Energy Limited was last trading in BSE at Rs. 583.70 as compared to the previous close of Rs. 589.95. The total number of shares traded during the day was 88157 in over 3789 trades.

The stock hit an intraday high of Rs. 592.95 and intraday low of 575.70. The net turnover during the day was Rs. 51523041.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 ElectricUtilities Halol WindBlade ManufacturingPlant