Investor Presentaiton

Significant Market Opportunity: Demand to be met by RE JSW Energy • • India plans to achieve a low-carbon future, and be Carbon Neutral by 2070 India made 5 commitments at the COP26 summit: To increase its non-fossil energy capacity to 500 GW by 2030 To meet 50% of its energy requirements from renewable energy by 2030 To reduce the total projected carbon emissions by 1 billion tonne from now till 2030 To reduce the carbon intensity of its economy to less than 45% by 2030 To be carbon neutral by 2070 01-12 NOV 2021 GLASGOW COP26 IN PARTNERSHIP WITH ITALY RPO to provide filip to RE demand Demand to be met incrementally with Renewable Energy This 356 GW increase translates to 1,030 BU, which is inline with base demand growth of 1,104 BU 450 +356 GW In GW 5x 280 ↑ ■FY21 7x ■FY30 (Target) 140 ↑ 94 4x 38 40 Wind Solar Total Renewables India: Attractive market for Renewable Energy Investments EY's 'Renewable Energy Country Attractiveness Index' RPO as % of total power purchased as Discoms Commercial & Industrial well as Rank Country Rank Country Solar, 10.50% consumers have to adhere to renewable FY22 Total: 21.2% 1 US 8 Japan Hydro, purchase obligation (RPO) for procuring power 0.18% 2 China 11 Brazil 3 India 23 Argentinal Non Solar, 10.50% 4 UK 34 Vietnam 5 France 39 Thailand JSW Energy Investor Presentation Source: Source: Press Information Bureau, India, EY, CEA, MNRE 1- Calculated at est. 33% CUF 30

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