JSW Energy Shares Fall After Signing Agreement For Blended Wind Capacity

Shares of JSW Energy were last trading 0.77 per cent lower at Rs 109.50 on the BSE.

Share Price of JSW Energy edged lower by one per cent on Tuesday, May 4, a day after the company signed a power purchase agreement with the Solar Energy Corporation of India or SECI for 540 megawatt (MW) of wind-based electricity. On Tuesday, JSW Energy opened on the BSE at Rs 115.55, touching an intra day high of Rs 116 and an intra day low of Rs 106.50, in the trading session so far. According to a regulatory filing by the firm to the BSE, JSW Energy signed a power purchase agreement to PPA with SECI for the contracted capacity of 540 MW out of a total awarded capacity of 810 MW.

According to the statement, the current agreement is the single largest power purchase agreement for the wind/blended wind category in the industry, and also marks the foray of the company into the wind or blended wind energy generation segment. JSW Renew Energy Limited is a wholly-owned subsidiary of JSW Future Energy Limited.

The Solar Energy Corporation of India is under the Ministry of New and Renewable Energy. The Delhi-based company is the only central public service undertaking dedicated to the solar energy sector in the country.

On the NSE, JSW Energy opened at Rs 114.95, witnessing an intra day high of Rs 116 and an intra day low of Rs 106.50, in the session so far. It was last trading 0.90 per cent lower at Rs 109.55 on the NSE.

Shares of JSW Energy were last trading 0.77 pe recent lower at Rs 109.50 on the BSE.