JSW Energy announced that its wholly owned subsidiary, JSW Neo Energy, has secured an additional 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL).
The company aims to achieve 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030 and Carbon Neutrality by 2050
JSW Energy announced that its wholly owned subsidiary, JSW Neo Energy, has secured an additional 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL).
Following this, JSW Neo's cumulative capacity under MSEDCL Phase III was 600 MW, according to a company statement.
According to the statement, JSW Neo Energy, a wholly-owned subsidiary of JSW Energy (the company), has received a Letter of Award (LoA) from MSEDCL for an additional 400 MW of Wind-Solar Hybrid Power Project under the greenshoe option for MSEDCL - Phase III.
The company, however, did not provide any financial information.
Following this capacity award, JSW Energy's total locked-in generation capacity has increased to 17.6 GW, including 3.2 GW of Hybrid capacity (including FDRE).
The company expects to have 10 GW of installed generation capacity by FY25, up from 7.5 GW currently.
JSW Energy has a total locked-in generation capacity of 17.6 GW, with 7.5 GW operational, 2.3 GW under construction in wind, thermal, and hydro, and a 7.7 GW RE pipeline (PPAs signed for 2.3 GW).
The company also has 4.2 GWh of locked-in energy storage capacity from its battery energy storage system and hydro pumped storage project.
JSW Energy aims to achieve 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030. It has set an ambitious target of achieving Carbon Neutrality by 2050.