NTPC’s Peers Power Generation Company Signs Licensing Agreement to Manufacture Wind Turbine Blades

The stock is up by over 70 per cent from its 52-week low of Rs 375.20 per share.

NTPC’s peer company, JSW Energy Ltd Signs Licensing Agreement to Manufacture Wind Turbine Blades

JSW Renewable Technologies Two Limited, a wholly owned subsidiary of JSW Neo Energy Limited (JSW Neo) and a step-down subsidiary of JSW Energy Limited, has entered into a technology licensing agreement with SANY Renewable Energy Company Ltd for the manufacturing of wind turbine blades in India for captive usage by the company.

The strategic intent to venture into WTG blade manufacturing is to ensure a reliable and assured supply of equipment for our captive usage along with a significant saving on the overall project cost. 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.

JSW Energy Ltd 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 per cent 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 of 16.2 GWh of locked-in energy storage capacity using a battery energy storage system and hydro-pumped storage project.

SANY Renewable Energy Co Ltd was founded in 2008 and is committed to becoming the global leader in the field of clean energy equipment supply and services. The main business of SANY Renewable Energy includes the R&D, manufacturing and sales of wind turbines, wind farm designing, construction, operation & management, and the construction and operation management of photovoltaic power stations. It was officially listed and traded on the STAR Market of the Shanghai Stock Exchange on June 22, 2022 (stock name: SANY Renewable Energy; stock code: 688349). SANY Renewable Energy has been ranked among the top 10 global wind power manufacturers.

About JSW Energy Ltd

JSW Energy Ltd, a prominent player in India's private power sector, is a member of the expansive USD 23 billion JSW Group. The group holds positions in various industries, including steel, energy, infrastructure, cement, and sports. JSW Energy Ltd. possesses a strong presence throughout the power sector, with assets spanning power generation and transmission.

The company has a market cap of over Rs 1,00,000 crore and has been maintaining a healthy dividend payout of 27.5 per cent. As of September 2024, the Life Insurance Corporation of India (LIC) owns a 7.16 per cent stake. The stock is up by over 70 per cent from its 52-week low of Rs 375.20 per share. Investors should keep an eye on this mid-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.