JSW Neo Receives LoA for 300 MW Wind-Solar Hybrid Power Project from NTPC
Following this capacity award, the company’s total locked-in generation capacity has risen to 16.7 GW, which includes a total locked-in Hybrid capacity of 2.6 GW (including FDRE).
August 26, 2024. By News Bureau
“Following this capacity award, the company’s total locked-in generation capacity has risen to 16.7 GW, which includes a total locked-in Hybrid capacity of 2.6 GW (including FDRE). The company expects to have an installed generation capacity of 10 GW by FY’25, up from 7.5 GW currently,” informed the company in a statement.
This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company. The statement further noted, “JSW Energy has a total locked-in generation capacity of 16.7 GW comprising 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.9 GW (PPAs signed for 2.0 GW). The company also has 4.2 GWh of locked-in energy storage capacity through a 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 2030. JSW Energy has also set an ambitious target of achieving carbon neutrality by 2050.
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