Indian multinational conglomerate JSW Group has signed a $2 billion new energy partnership with Mytrah Energy India Private, which is headquartered in Hyderabad, India and has a 2.3GW operating portfolio that includes 1.7GW of wind and about 535MW of solar. Through this project, JSW Group aims to increase its renewable energy footprint.

JSW Group has been active in India's renewable energy sector, participating in the $1.55 billion sale of Actis Llp's Indian renewable energy platform to Shell. The Indian government has set a target of installing 500GW of renewable energy capacity by the end of the decade.

JSW Future Energy aims to support the government's initiative by signing an agreement with Fortescue Future Industries to produce green hydrogen in the country. The company aims to install 20GW of capacity by 2030, with renewable energy accounting for 85%.

In April 2022, JSW Group plans to build a pumped storage hydropower project with a capacity of 900MW in West Bengal. The project was announced by JSW Group Chairman Sajjan Jindal at the Bangladesh Global Business Summit organised by the state government. The state government plans to build a third pumped-storage power station in a public-private partnership model at the Bandhunala project in Purulia. In 2019, JSW Group chairman Sajjan Jindal expressed interest in developing pumped hydro storage projects in the state.Editor/XingWentao