JSW Energy Limited , a prominent player in India's power sector, has announced a significant expansion of its renewable energy portfolio while simultaneously facing legal challenges related to a tariff decision.

Capacity Expansion

The company has successfully commissioned 85 MW of new renewable energy capacity, marking a notable step towards its clean energy goals. The newly added capacity comprises:

This addition brings JSW Energy's total installed capacity to 13,295 MW, with renewables now constituting a majority share at 57% of the overall capacity.

Renewable Energy Portfolio

JSW Energy's renewable energy portfolio now stands as follows:

Strategic Expansion and Future Outlook

The company has outlined a growth strategy, with a total locked-in generation capacity of 30.5 GW. This includes:

• 13.3 GW operational capacity
• 12.5 GW under construction (across thermal and renewable sources)
• 150 MW under-acquisition hydro capacity
• 4.6 GW in the pipeline

Additionally, JSW Energy is making strides in energy storage, with 29.4 GWh of locked-in capacity:

• 26.4 GWh through hydro pumped storage projects
• 3.0 GWh via battery energy storage systems

Long-term Objectives

JSW Energy has set targets for the future:

1. Achieve 30 GW generation capacity by FY 2030
2. Reach 40 GWh of energy storage capacity by FY 2030
3. Attain carbon neutrality by 2050

These goals underscore the company's commitment to sustainable energy production and its role in India's transition to a greener economy.

Legal Challenges

In a recent development, the Supreme Court has denied JSW Energy's request to pause an Appellate Tribunal for Electricity (APTEL) decision that supports a Central Electricity Regulatory Commission (CERC) ruling regarding the company. The case involves CERC's decision on tariff for JSW Energy's 1000 MW Battery Energy Storage System (BESS) project. The Supreme Court will hear JSW Energy's appeal concerning this tariff decision, adding a layer of complexity to the company's operations in the energy sector.

Company Background

JSW Energy, part of the USD 23 billion JSW Group, has been a key player in India's power sector since it began commercial operations in 2000. The company has diversified its presence across the power sector value chain, including generation and transmission.

As JSW Energy continues to expand its renewable energy capacity and navigate legal challenges, it reinforces its position as a leading private sector power producer in India. The company's focus on sustainable growth and value creation for stakeholders aligns with the broader shift towards clean energy in the global power industry, while also highlighting the complex regulatory environment in which it operates.

JSW Energy Limited's step-down subsidiary, JSW Renewable Energy (Dolvi) Limited, has received a credit rating for its long-term bank loan facilities. India Ratings and Research (Ind-Ra) has assigned an 'IND A+/Stable' rating to the company's long-term bank loans, as announced on October 30, 2025.

Rating Details

Significance of the Rating

The 'IND A+' rating indicates a strong degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Corporate Disclosure

JSW Energy Limited, the parent company, promptly disclosed this development to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's commitment to transparency is evident in its immediate communication of this credit rating to its stakeholders.

About JSW Energy Limited

JSW Energy Limited is part of the O.P. Jindal Group, with its registered office at JSW Centre, Bandra Kurla Complex, Mumbai. The company continues to expand its presence in the renewable energy sector through its subsidiaries.

This credit rating for JSW Renewable Energy (Dolvi) Limited reflects the company's financial stability and may potentially impact its ability to secure financing for future projects in the renewable energy sector.