JSW Neo Energy Limited (or “JSW Neo”), a fully owned subsidiary of JSW Energy Limited (or “The Company”), recently secured a Letter of Award (or “LoA”) from Solar Energy Corporation of India for the supply of 230 MW ISTS connected firm and dispatchable renewable energy (or “FDRE”). The capacity was granted against the tariff-based competitive bid invited for supply of 630 MW firm and dispatchable powerfrom ISTS-connected renewable energy projects (SECI-FDRE-IV).
As per the filing, the company shared, “Following this capacity award, the Company’s total locked-in generation capacity has risen to 16.4 GW, which includes a total locked-in Hybrid capacity of 2.3 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 16.4 GW of total locked-in generating capacity, of which 7.5 GW are operating, 2.3 GW are being built across wind, thermal and hydropower, and RE pipeline of 6.6 GW (PPAs signed for 2.0 GW).
