JSW to foray into green hydrogen production

JSW Energy is soon expected to announce its first green hydrogen project. The company announced that targets to reach 20 Gw of power generation capacity by 2030, with about 85% of this capacity via renewable energy.

JSW in July last year announced entering into a framework agreement with Australian Fortescue Future Industries to collaborate on green hydrogen production.

The company’s board approved re-organisation of the company’s renewable and thermal businesses. All the upcoming renewable energy businesses will be housed under JSW Energy Neo Ltd, a wholly owned subsidiary of the company.