JSW Energy announced on Friday that its subsidiaries, JSW Renew Energy Six Ltd and JSW Renew Energy Thirty Ltd, have signed agreements to supply 1,200 MW of hybrid solar-wind power to Maharashtra State Electricity Distribution Company Ltd (MSEDCL).
The agreements cover two projects, each with a capacity of 600 MW, connecting to the state transmission utility (STU). The letters of award for these projects were issued on August 29 and September 10, 2024, according to a statement from JSW Energy.
These hybrid projects are expected to be completed within 24 months, with the power purchase agreements set for a 25-year period at a rate of ₹3.60 per kWh.
Currently, JSW Energy has a project pipeline of 8.3 GW, with power purchase agreements signed for 4.4 GW. The company’s total locked-in generation capacity stands at 18.2 GW, including 7.7 GW of operational capacity and 2.1 GW under construction across wind, thermal, and hydro sectors.
JSW Energy is also expanding its energy storage capabilities, with 16.2 GWh secured through battery energy storage systems and hydro pumped storage projects. The company aims to reach 20 GW of total generation capacity and 40 GWh of storage capacity by 2030, with a long-term goal of achieving carbon neutrality by 2050.
JSW Energy is a leading private sector power generation company in India, part of the diversified JSW Group. Established in 1994, it has grown to become one of the country’s largest integrated power companies, with a focus on renewable and sustainable energy sources.
JSW Energy operates a diverse portfolio of power plants, including thermal, hydro, and wind energy facilities, with a total installed capacity exceeding 4,500 megawatts. The company is committed to reducing its carbon footprint and enhancing energy efficiency, aligning with India’s goals for renewable energy expansion.
JSW Energy actively invests in new technologies and innovative solutions to promote clean energy and is also involved in initiatives to develop infrastructure for a sustainable energy future. Through its efforts, the company aims to contribute to the nation’s energy security and economic growth while fostering a cleaner environment.
