JSW Neo Energy Receives LoA for 400 MW Wind-Solar Hybrid Power Project from MSEDCL
Subsequent to this additional award, the cumulative capacity allotted to JSW Neo Energy under MSEDCL Phase – III stands at 600 MW.
August 29, 2024. By EI News Network
As we reported earlier, JSW Neo Energy received a LoA of 200 MW Wind-Solar Hybrid power project from MSEDCL, a couple of days back. Subsequent to this additional award, the cumulative capacity allotted to JSW Neo under Phase- III stands at 600 MW.
“As a result of this capacity award, JSW Energy’s total locked-in generation capacity has increased to 17.6 GW, which includes a total locked-in Hybrid capacity of 3.2 GW (including FDRE). The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently,” informed JSW Energy in a statement.
This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company. The statement further noted, “JSW Energy has total locked-in generation capacity of 17.6 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 7.7 GW (PPAs signed for 2.3 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project.”
JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. The company has set an ambitious target of achieving carbon neutrality by 2050.
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