JSW Neo Energy secures Letter of Award for 300 MW Wind-Solar Hybrid Capacity from SECI

JSW Neo Energy Limited (or “JSW Neo”), a wholly-owned subsidiary of JSW Energy Limited, has received Letter of Award (or “LoA”) for setting up a 300 MW ISTS-connected Wind-Solar Hybrid Power Project from Solar Energy Corporation of India Limited (or “SECI”) against Tariff based Competitive Bid invited for setting 1,200 MW ISTS-connected Wind-Solar Hybrid Power Projects (Tranche VIII).

Subsequently, the Company's total locked-in capacity increases to 13.6 GW. The Company expects to have an installed generation capacity of 9.8 GW by CY24, up from 7.3 GW currently.

 

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With this hybrid project, the company strengthens its energy solution offerings while moving towards an energy products and services company.

JSW Energy has a total locked-in generation capacity of 13.6 GW comprising 7.3 GW operational, 2.6 GW under construction across wind, thermal, and hydro, and a pipeline of 3.7 GW.

 

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In addition, the company has 3.4 GWh of locked-in energy storage capacity through a battery energy storage system and a hydro-pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

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