JSW Energy announced today its arm JSW Neo Energy has received Letter of Award for an additional 400 MW of wind-solar hybrid power project from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). It secured this capacity through greenshoe option.
With this, JSW Neo has secured a cumulative 600 MW of capacity under MSEDCL’s Phase-III auction.
JSW Energy has total locked-in generation capacity of 17.6 GW comprising 7.5 GW operational and 2.3 GW under-construction projects across wind, thermal and hydro and a 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. It targets carbon neutrality by 2050.
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