JSW Energy secures Letter of Intent for 192 MW wind-solar hybrid power project

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JSW Energy announced today that its arm JSW Neo Energy has received a letter of intent from Gujarat Urja Vikas Nigam Ltd to set up a 192 MW grid-connected hybrid power project, including an additional 96 MW under the green shoe option. It won the capacity through tariff-based competitive bid in GUVNL’s auction for setting up 500 MW grid connected hybrid wind-solar power projects (Phase II) along with a green shoe option for additional capacity up to 500 MW.

With this capacity award, JSW Energy’s total locked-in generation capacity increases to 16.2 GW including total locked-in hybrid capacity of 2.1 GW. The company expects to have an installed generation capacity of 10 GW by FY 2025, up from 7.5 GW currently. Its total locked-in generation capacity of 16.2 GW comprises 7.5 GW operational and 2.3 GW under-construction projects across wind, thermal and hydro, and a RE pipeline of 6.3 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. It aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030.

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