Deals13 Feb 2024, 12:16 am
JSW Energy Limited subsidiary awarded 500 MW wind capacity by SECI
AI Summary
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has been awarded 500 MW wind capacity by Solar Energy Corporation of India Limited (SECI) against a tariff-based competitive bid for setting up 1,350 MW ISTS-connected wind power projects (Tranche - XVI). The company expects to have 9.8 GW of installed generation capacity by CY 24, up from 7.2 GW currently, and has set an ambitious target for 50% reduction in carbon footprint by 2030 and achieving carbon neutrality by 2050.,
Key Highlights
- Awarded 500 MW wind capacity by SECI
- Total locked-in capacity increases to 10.3 GW
- Target of 20 GW generation capacity and 40 GWh energy storage capacity by 2030
- Ambitious target for 50% reduction in carbon footprint by 2030 and achieving carbon neutrality by 2050