JSW Renewable, China’s SANY Seal Licensing Deal Formally

JSW Renewable, SANY Collaborate To Manufacture Wind Turbine Blades In India

JSW Renewable Technologies Two, a subsidiary of JSW Renewable energy, has entered into a technology licensing agreement with Chinese Wind turbine maker SANY Renewable Energy to manufacture wind turbine blades in India for its captive use. The company entered the formal agreement after eight months with the initial announcement made in March 9 this year. SANY is among the leading wind energy players from China now, where GoldWind, Mingyang and others have made massive strides to dominate the global market for onshore wind in particular.

The Mumbai-based company currently has an installed wind project capacity of 2.2 GW, with an additional 2.8 GW of wind projects under construction or in the pipeline. India’s wind energy market has seen consolidation with just three forms dominating lately, led by Envision Energy from China, Suzlon Energy and Inox Wind. Senvion, owned by Saudi Arabian Al fanar, is the fourth player of significance. The tie-up with SANY gives JSW Energy leeway and possibly better control over deliveries for its own projects. A late entrant to the renewable push, JSW has been slightly unconventional in the way it has gone about building a renewable portfolio, entering late, and going for a higher mix of energy storage, pumped storage, and Hybrid projects involving wind energy, rather than a large share of pure play solar projects.

Sharad Mahendra, Joint Managing Director and Chief Executive Officer (CEO) of JSW Energy, said: “This strategic partnership will help us secure a dependable supply and de-risk our wind supply chain, given SANY’s deep expertise in wind energy solutions.” JSW Energy aims to reach a generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030. The company has set a target to reduce its carbon footprint by 50% by 2030 and achieve 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 in the pipeline with signed Letters of Agreement (LoAs). Additionally, the company has a total of 16.2 GWh of locked-in energy storage capacity through battery energy storage systems and hydro pumped storage projects.

In an investor’s call while sharing its highlight for the Q2 FY25 JSW Energy stated, “The company’s net generation went up by 14% YoY at 9.8 BUs driven by wind capacity additions. Company’s total renewable energy (RE) generation is up by 14% YoY at 5.0 BUs driven by 37% year-over-year (YoY) increase in wind generation.”

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JSW energy’s total locked-in generation capacity reached 19.2 GW, whereas, the company commissioned 204 MW wind capacity commissioned during the quarter and it added 495 MW capacity in year-to-date fiscal year 2025 (YTD FY25). Additionally, the company commissioned 440 MW of 454 MW of SECI X wind project.”

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Additionally the result added, “JSW’s total revenue increased 2% YoY at Rs 3,459 Cr on account of wind capacity additions and Utkal Unit-1
partly offset by two-part tariff revision at Hydro.”