JSW Energy secures LoA for 600 MW wind-solar hybrid power project

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JSW Energy announced this week its arm JSW Neo Energy has received Letter of Award (LoA) for 600 MW of wind-solar hybrid power project from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The awarded capacity includes 400 MW allotted under green shoe option.

With this capacity award, JSW Energy’s total locked-in generation capacity has increased to 18.2 GW, which includes a total locked-in hybrid capacity of 3.8 GW (including firm and dispatchable RE). The company expects to have an installed generation capacity of 10 GW by FY 2025, up from 7.5 GW currently.

JSW Energy’s total locked-in generation capacity of 18.2 GW comprises 7.5 GW operational and 2.3 GW under-construction projects across wind, thermal and hydro and RE pipeline of 8.3 GW (PPAs signed for 2.3 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and pumped hydro storage project. It aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030.

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