Deals3 Feb 2024, 11:09 pm
JSW Energy Secures Green Hydrogen Production Capacity under SIGHT Scheme
AI Summary
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has received the Letter of Award for setting up of 6.5 KTPA green hydrogen production facility in the auction conducted by Solar Energy Corporation of India Limited (SECI) under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. The win strengthens JSW’s position as a pioneer and provides an early mover advantage in green hydrogen space.,
Key Highlights
- Secured 6.5 KTPA green hydrogen production capacity under SIGHT Scheme
- Letter of Award from Solar Energy Corporation of India Limited
- Incentive of INR 67.6 Crores for three years from commissioning
- Positions JSW as a pioneer in green hydrogen space
- Contributes to India's net-zero ambitions