Deals29 Aug 2024, 02:23 pm
JSW Energy Ltd Secures 400 MW Additional Wind-Solar Hybrid Power Project from MSEDCL
AI Summary
JSW Energy Ltd, through its subsidiary JSW Neo Energy Limited, has been awarded an additional 400 MW Wind-Solar Hybrid Power Project under a greenshoe option from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This brings the total capacity allotted under Phase - Ill to 600 MW. This development increases the company's total locked-in generation capacity to 17.6 GW, including a total locked-in Hybrid capacity of 3.2 GW. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030, and has set a target of achieving Carbon Neutrality by 2050.
Key Highlights
- JSW Energy Ltd secures additional 400 MW Wind-Solar Hybrid Power Project from MSEDCL
- Project increases the company's total locked-in generation capacity to 17.6 GW
- Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030
- JSW Energy has set a target of achieving Carbon Neutrality by 2050
- JSW Neo Energy Limited, a wholly-owned subsidiary of the Company, is the implementing agency for the project