JSW Neo Energy Secures 300 MW Wind-Solar Hybrid Project from NTPC

JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, has secured a significant contract for a 300 MW ISTS-connected Wind-Solar Hybrid Power Project. The project was awarded by NTPC Limited as part of the competitive bidding process under NTPC-Tranche-VI, which aims to develop 1,000 MW of ISTS-connected Wind-Solar Hybrid Power Projects.

With this latest award, JSW Energy’s total locked-in generation capacity has increased to 16.7 GW, which includes 2.6 GW of Hybrid capacity. The company currently has an operational capacity of 7.5 GW and is on track to expand its installed generation capacity to 10 GW by FY25. The addition of this hybrid project is a key milestone in JSW Energy’s strategy to enhance its energy solution offerings and accelerate its transition into a comprehensive energy products and services company.

JSW Energy’s current portfolio includes 7.5 GW of operational capacity, 2.3 GW of projects under construction across wind, thermal, and hydro, and a renewable energy (RE) pipeline of 6.9 GW, with Power Purchase Agreements (PPAs) signed for 2.0 GW. Additionally, the company has secured 4.2 GWh of energy storage capacity through battery energy storage systems and hydro-pumped storage projects.

Looking ahead, JSW Energy is targeting a generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030. The company has also set an ambitious goal of achieving carbon neutrality by 2050.