JSW Energy’s subsidiary, JSW Neo Energy, has won a contract from the Solar Energy Corporation of India (SECI) to develop a 500 MW solar project with a 250 MW/500 MWh energy storage system. This project is part of SECI’s competitive bid for 1,200 MW of solar power projects with energy storage systems.
JSW Neo also received a Letter of Award from Karnataka Renewable Energy Development Ltd (KREDL) for a 300 MW solar project at Pavagada Solar Park, Karnataka.
With these new projects, JSW Energy’s total generation capacity will increase to 16 GW, and its energy storage capacity will reach 4.2 GWh. The company aims to have a 10 GW installed generation capacity by FY25 and reach 20 GW with 40 GWh energy storage by 2030. JSW Energy is committed to achieving carbon neutrality by 2050.
JSW Energy is a leading player in the Indian power sector, known for its diverse and growing portfolio of energy assets. The company operates in thermal, hydro, and renewable energy, continually expanding its capacity to meet the country’s rising energy demands. With a current installed capacity of 7.5 GW, JSW Energy has ambitious plans to increase this to 10 GW by FY25 and ultimately reach 20 GW by 2030.
The company’s strategic focus on renewable energy is evident through its subsidiary, JSW Neo Energy, which is spearheading significant projects in solar and wind power. JSW Energy is also committed to achieving carbon neutrality by 2050, reflecting its dedication to sustainability and reducing its environmental footprint.
