Home › Renewable energy ›JSW Energy Inks Licensing Agreement to Manufacture Wind Turbine Blades
JSW Energy Inks Licensing Agreement to Manufacture Wind Turbine Blades
JSW Renewable Technologies Two, a step-down subsidiary of JSW Energy, has entered into a technology licensing agreement with SANY Renewable Energy for the manufacturing of wind turbine blades in India for captive usage by JSW Energy.
October 30, 2024. By Mrinmoy Dey
JSW Renewable Technologies Two Ltd., a wholly owned subsidiary of JSW Neo Energy Ltd. and a stepdown subsidiary of JSW Energy Ltd., has entered into a technology licensing agreement with SANY Renewable Energy Co. Ltd. for manufacturing of wind turbine blades in India for captive usage by JSW Energy.
The strategic intent to venture into WTG blade manufacturing is to ensure a reliable and assured supply of equipment for the company’s captive usage along with a significant saving on the overall project cost, informed JSW Energy in a statement.
Currently, the company has a total installed wind project capacity of 2.2 GW, with an additional 2.8 GW of wind projects currently under construction or in the pipeline.
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said, “We are excited to further collaborate with Sany Renewable for WTG Blade manufacturing in India. This strategic partnership will help us secure a dependable supply and derisk our wind supply chain, given Sany’s deep expertise in wind energy solutions. At JSW Energy, we are committed to playing a pivotal role in achieving India’s renewable energy and net zero targets.”
JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. The company has set an ambitious target for a 50 percent reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.
Currently, the company has a total locked-in generation capacity of 19.2 GW comprising 7.7 GW operational, 7.9 GW under-construction across wind, thermal and hydro and 3.5 GW of pipeline capacity where LoAs are signed. In addition, the company has a total 16.2 GWh of locked-in energy storage capacity by means of battery energy storage systems and hydro-pumped storage projects.
Founded in 2008, the main business of SANY Renewable Energy includes the R&D, manufacturing and sales of wind turbines, wind farm designing, construction, operation and management, and the construction and operation management of photovoltaic power stations.
The strategic intent to venture into WTG blade manufacturing is to ensure a reliable and assured supply of equipment for the company’s captive usage along with a significant saving on the overall project cost, informed JSW Energy in a statement.
Currently, the company has a total installed wind project capacity of 2.2 GW, with an additional 2.8 GW of wind projects currently under construction or in the pipeline.
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said, “We are excited to further collaborate with Sany Renewable for WTG Blade manufacturing in India. This strategic partnership will help us secure a dependable supply and derisk our wind supply chain, given Sany’s deep expertise in wind energy solutions. At JSW Energy, we are committed to playing a pivotal role in achieving India’s renewable energy and net zero targets.”
JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. The company has set an ambitious target for a 50 percent reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.
Currently, the company has a total locked-in generation capacity of 19.2 GW comprising 7.7 GW operational, 7.9 GW under-construction across wind, thermal and hydro and 3.5 GW of pipeline capacity where LoAs are signed. In addition, the company has a total 16.2 GWh of locked-in energy storage capacity by means of battery energy storage systems and hydro-pumped storage projects.
Founded in 2008, the main business of SANY Renewable Energy includes the R&D, manufacturing and sales of wind turbines, wind farm designing, construction, operation and management, and the construction and operation management of photovoltaic power stations.
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
please contact: contact@energetica-india.net.