Deals22 Jul 2024, 02:03 pm
JSW Neo Energy Receives Award for 500 MW Solar Project with 250 MW/500 MWh Energy Storage from SECI
AI Summary
JSW Neo Energy Limited, a subsidiary of JSW Energy Ltd, has received a letter of award from Solar Energy Corporation of India Limited (SECI) for setting up a 500 MW ISTS-connected Solar Power Project along with 250 MW/500 MWh of Energy Storage Systems (Tranche XV). This project will increase JSW Energy's total locked-in generation capacity to 16.0 GW and total locked-in energy storage capacity to 4.2 GWh. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030, while also targeting Carbon Neutrality by 2050.
Key Highlights
- JSW Neo Energy Limited receives award from SECI for 500 MW Solar Power Project and 250 MW/500 MWh Energy Storage Systems
- This project will increase JSW Energy's total locked-in generation capacity to 16.0 GW and total locked-in energy storage capacity to 4.2 GWh
- JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030
- The company has set an ambitious target of achieving Carbon Neutrality by 2050
- JSW Energy's total locked-in generation capacity comprises of 7.5 GW operational, 2.3 GW under-construction, and 6.2 GW RE pipeline