JSW Energy Expands Capacity with 230 MW Renewable Energy Project from SECI

JSW Energy Limited has announced a significant development involving its wholly-owned subsidiary, JSW Neo Energy Limited. The company has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) for the supply of 230 MW of Interstate Transmission System (ISTS) connected firm and dispatchable renewable energy (FDRE). This award is part of SECI’s competitive bidding process for supplying a total of 630 MW of firm and dispatchable power from ISTS-connected renewable energy projects (SECI-FDRE-IV).

With this new capacity award, JSW Energy’s total locked-in generation capacity has increased to 16.4 GW. This includes a total of 2.3 GW of locked-in Hybrid capacity, which encompasses the newly awarded FDRE. The company projects an installed generation capacity of 10 GW by FY25, a significant increase from its current 7.5 GW. This new project not only bolsters JSW Energy’s renewable energy portfolio but also supports its strategic shift towards becoming a comprehensive energy products and services provider.

Currently, JSW Energy’s total locked-in generation capacity includes 7.5 GW of operational assets, 2.3 GW under construction across wind, thermal, hydro, and renewable energy projects, and a renewable energy pipeline of 6.6 GW (with PPAs signed for 2.0 GW). Additionally, the company has 4.2 GWh of locked-in energy storage capacity through battery storage systems and hydro-pumped storage projects. JSW Energy aims to achieve a generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030. The company has set an ambitious goal of achieving carbon neutrality by 2050.

About JSW Energy Limited

JSW Energy Ltd is one of India’s leading private-sector power producers. It belongs to the JSW Group and has established its presence across the power sector’s value chains with diversified assets in power generation and transmission.

On August 8, 2024, the share price of JSW Energy Ltd opened at ₹690.00, touching the day’s high at ₹693.80, as of 10:23 AM on the NSE.

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