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Green energy stock jumps after it signs power purchase agreement with Amazon

Leading green energy company signed a 180 MW PPA with Amazon, boosting its C&I renewable capacity to 4.0 GW. It aims for 20 GW generation and 40 GWh storage before 2030.
Green energy stock surges as it secures a major power purchase agreement with Amazon, boosting investor confidence.
Green energy stock surges as it secures a major power purchase agreement with Amazon, boosting investor confidence.

Introduction:

Leading green energy company has signed a 180 MW renewable power purchase agreement with Amazon, strengthening its C&I renewable capacity to 4.0 GW. With a robust expansion plan, it aims to achieve 20 GW generation and 40 GWh storage capacity before 2030.

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Share price movement of JSW Energy:

On February 7, 2025, JSW Energy Ltd opened at ₹493.75, slightly down from its previous close of ₹493.95. The stock hit a high of ₹494.60 and a low of ₹484.15. By 9:20 AM, it traded at ₹489.30, down 0.94%, with a market cap of ₹85,090.11 crore.

JSW Energy Signs 180 MW Wind Power PPA with Amazon:

JSW Neo Energy, a subsidiary of JSW Energy Limited, has signed a 180 MW renewable energy power purchase agreement (PPA) with Amazon. This deal boosts the company’s locked-in commercial and industrial (C&I) renewable capacity to 4.0 GW, reinforcing its green energy leadership.

JSW Energy’s C&I portfolio now includes major clients like Amazon, DCM Shriram Ltd, and Indus Towers Ltd. The company currently operates 8.2 GW of generation capacity, spanning thermal, hydro, and renewables, with a locked-in pipeline of 30 GW, further strengthening its clean energy commitments.

Additionally, JSW Energy has secured 16.3 GWh of energy storage capacity through battery storage and hydro pumped storage projects. With an ambitious goal of achieving 20 GW generation capacity and 40 GWh energy storage well before 2030, the company continues its rapid expansion in sustainable energy.

Recent news on JSW Energy:

As of February 05, 2025, JSW Energy Ltd received a Letter of Award from WBSEDCL to develop a 1,600 MW coal-based thermal power plant. This raises its total locked-in generation capacity to 30 GW, strengthening its growth trajectory.

Stock performance of JSW Energy for Period of 1 week, 6 months and 1 year:

JSW Energy Ltd stock declined 2.83% over the past week and dropped 29.7% in six months. The one-year return stands at -2.50%, reflecting recent volatility despite the company’s ongoing expansion in renewable and thermal power capacity.

Also Read: Tata group stock in focus after its net profit increases by 34% in Q3

Shareholding pattern of JSW Energy:

All values in %Dec 2024Sep 2024Jun 2024
Promoter69.30%69.30%69.30%
FII14.60%14.90%15%
DII10.10%9.80%9.20%
Public5.90%6%5.90%
Others0.10%0.20%0.20%
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About JSW Energy:

JSW Energy Ltd (NSE: JSWENERGY) is a leading private power producer in India, part of the $24 billion JSW Group. With 8,242 MW operational capacity across thermal, wind, hydro, and solar, it targets 20 GW generation capacity before 2030.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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