JSW Neo Energy Limited has recently informed the exchanges that the company has received a Letter of Award (or “LoA”) from Maharashtra State Electricity Distribution Company Limited (or “MSEDCL”) for an additional 400 MW of Wind-Solar Hybrid Power Project under the greenshoe option against MSEDCL – Phase III. Following this, the cumulative capacity awarded to JSW Neo under Phase-III stands at 600 MW.
As per the filing, the company shared, “As a result of this capacity award, the Company’s total locked-in generation capacity has increased to 17.6 GW, which includes a total locked-in Hybrid capacity of 3.2 GW (including FDRE). The Company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company.”
JSW Energy has an overall locked-in generating capacity of 17.6 GW, including 7.5 GW operating, 2.3 GW under construction in wind, thermal, and hydro and a 7.7 GW RE pipeline (PPAs signed for 2.3 GW). The firm also has 4.2 GWh of locked-in energy storage capacity from its battery energy storage system and hydro pumped storage project.
