Deals16 Mar 2024, 03:07 pm
JSW Energy Secures Additional 500 MW Wind Capacity from SECI under Greenshoe Option
AI Summary
JSW Energy Limited, through its subsidiary JSW Neo Energy Limited, has received a Letter of Award (LoA) for an additional 500 MW of wind capacity under the SECI Wind Power Projects (Tranche - XVI), increasing the cumulative capacity allotted under this tranche to 1,000 MW. With this addition, JSW Energy's total locked-in generation capacity increases to 12.5 GW, of which 4.6 GW will be wind.
Key Highlights
- JSW Energy has secured an additional 500 MW of wind capacity from SECI under the Greenshoe option.
- This increases JSW Energy's total locked-in wind capacity to 4.6 GW.
- The company now has a total locked-in generation capacity of 12.5 GW.
- JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030.
- The company has also set a target for a 50% reduction in carbon footprint by 2030 and carbon neutrality by 2050.