JSW Neo Energy Secures SECI Contracts for 500 MW Solar Power and 250 MW/500 MWh Storage

In a significant leap towards sustainable energy, JSW Neo Energy, a subsidiary of JSW Energy, has clinched key contracts to develop advanced solar power and energy storage projects. This marks a critical milestone in JSW Energy’s commitment to enhancing renewable energy infrastructure and achieving carbon neutrality by 2050.

JSW Neo Energy has been awarded a prestigious contract by the Solar Energy Corporation of India (SECI) to develop a 500 MW solar power project with a state-of-the-art 250 MW/500 MWh energy storage system. This contract was secured through a competitive bidding process as part of SECI’s ambitious initiative to set up 1,200 MW of interstate transmission system (ISTS)-connected solar power projects with 600 MW/1,200 MWh of energy storage systems (Tranche XV).

In a parallel achievement, JSW Neo Energy received a Letter of Award from Karnataka Renewable Energy Development Ltd (KREDL) to construct a 300 MW solar project at the renowned Pavagada Solar Park in Karnataka. This development underscores JSW Neo Energy’s expanding footprint in the renewable energy sector and its pivotal role in driving India’s green energy transition.

With these newly secured projects, JSW Energy’s total locked-in generation capacity has surged to 16 GW. This includes 7.5 GW of operational capacity, 2.3 GW of projects under construction across wind, thermal, and hydro, and a robust renewable energy pipeline of 6.2 GW. Furthermore, the company’s locked-in energy storage capacity now stands at 4.2 GWh, incorporating both battery energy storage systems and hydro pumped storage projects.

JSW Energy’s strategic roadmap envisions reaching an installed generation capacity of 10 GW by FY25, escalating to 20 GW by 2030. Concurrently, the company aims to enhance its energy storage capacity to 40 GWh, ensuring a resilient and reliable power supply that aligns with global sustainability goals.

JSW Energy’s dedication to sustainable development is reflected in its ambitious target of achieving carbon neutrality by 2050. The company is actively investing in cutting-edge technologies and expanding its portfolio of renewable energy projects to minimize its carbon footprint and contribute to a cleaner, greener future.