BUSINESS
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy, on Monday announced that it has received a letter of award for setting up 500 MW ISTS-connected Solar Power Project along with 250 MW / 500 MWh of Energy Storage Systems from Solar Energy Corporation of India Limited (SECI), against Tariff based Competitive Bid invited for setting up of 1,200 MW ISTS-connected Solar Power Projects along with 600 MW / 1,200 MWh of Energy Storage Systems (Tranche XV). With this, the company’s total locked-in generation capacity rises to 16.0 GW and the total locked-in energy storage capacity increases to 4.2 GWh, the company said in a regulatory filing. “The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently,” it said. The company also received a letter of award from Karnataka Renewable Energy Development Limited (KREDL) for setting up a 300 MW Solar Power Project at Pavagada Solar Park, Karnataka. With this capacity award, the company’s total locked-in capacity increases to 15.5 GW. JSW Neo Energy expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently, with this award. JSW Energy has total locked-in generation capacity of 16.0 GW comprising 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.2 GW (PPAs signed for 2.0 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. It aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. None
What’s New
Spotlight
Advertisement
Featured News
Latest From This Week
Popular News
