JSW Energy to set up 1 GW pumped storage project in India
10 January 2024JSW Energy, a private-sector power supplier in India, has agreed to invest in 1 GW of pump storage project and 1 GW of wind energy in the Indian state of Tamil Nadu.
Under a recent deal with the Tamil Nadu government, JSW Energy will expand its existing footprints in Tuticorin and Tirunelveli districts with an investment of more than $1.44 billion, contributing to the state’s sustainable development goals.
JSW Energy already has a significant presence in the state. It has set an ambitious target for a 50% reduction of its carbon footprint by 2030 and carbon neutrality by 2050.
The company said it aims to become a 20 GW power generator along with 40 GWh/5 GW of storage capacity by 2030. It is working to reach 1 GW of solar module manufacturing capacity per year and a green hydrogen production capacity of 3,800 tons per annum by 2025.
Related
-
Iberdrola plans 1.32 GW pumped-hydro storage project in Portugal
28 July 2025
-
LG, Yahua Group to invest MAD 5.5 Billion in lithium refining plant in Morocco
28 July 2025
-
Jinko ESS and Solar commission 3.8 MWh energy storage system in Hungary
28 July 2025
-
Trina Storage strengthens APAC footprint with Japan-based deployment
28 July 2025
-
EDF shifts nuclear strategy to focus on domestic projects
27 July 2025
-
Saudi and Chinese firms team up for Riyadh airport terminals
27 July 2025