Team News Riveting
Mumbai, March 16
JSW Neo Energy Limited (JSW Neo), a wholly owned subsidiary of JSW Energy Limited has received Letter of Awards (LoA) for an additional 500 MW of wind capacity under greenshoe option for the
SECI Wind Power Projects (Tranche – XVI).
Subsequent to this, the cumulative capacity allotted to JSW Neo under SECI Tranche XVI stands at 1,000 MW.
The Company’s current installed generation capacity is 7.2 GW, of which 1.6 GW is wind. The Company expects to have 9.8 GW of installed capacity by CY24. With this awarded capacity of 500 MW under SECI Tranche XVI, the Company’s total locked-in generation capacity increases to 12.5 GW, of which 4.6 GW will be wind.
JSW Energy has total locked-in generation capacity of 12.5 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for 2.7 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN and GUVNL. In addition, the company has 3.4 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project.
The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before JSW Energy has set an ambitious target for 50 per cent reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.
