JSW Energy secures LoAs for 500 MW solar plus storage, 300 MW solar projects

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JSW Energy announced today that its arm JSW Neo Energy has received a letter of award from Solar Energy Corp. of India Ltd (SECI) for setting up a 500 MW solar power project along with 250 MW/500 MWh of energy storage systems.

JSW Neo Energy won this project through tariff based competitive bid in a SECI auction for setting up 1,200 MW interstate transmission system (ISTS)-connected solar power projects along with 600 MW/1,200 MWh of energy storage systems.

In a separate development, JSW Neo Energy has also received a letter of award from Karnataka Renewable Energy Development Ltd (KREDL) for setting up a 300 MW solar power project at Pavagada Solar Park in Karnataka.

With these capacity awards, JSW Energy’s total locked-in power generation capacity increases to 16 GW comprising 7.5 GW operational and 2.3 GW under-construction project across wind, thermal and hydro, and RE pipeline of 6.2 GW (PPAs signed for 2 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. It targets carbon neutrality by 2050.

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