JSW Energy puts solar power plans on backburner over policy Uncertainties
As uncertainties loom over the solar power sector, mainly on the policy front, the Sajjan Jindal-led JSW Energy has put its ambitious expansions plans in the segment on the backburner. The company in May had announced plans to set up a 1,000-MW solar photovoltaic (PV) panel manufacturing facility at Vijayanagar in Karnataka and to install 200 MW of solar power systems in the current fiscal. However, it has so far commissioned just about 12 MW of solar capacity.
The company in May had announced plans to set up a 1,000-MW solar photovoltaic (PV) panel manufacturing facility at Vijayanagar in Karnataka and to install 200 MW of solar power systems in the current fiscal. Image Courtesy: Reuters