JSW Neo Energy Secures 200 MW Wind-Solar Hybrid Project from MSEDCL

JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, has been awarded a 200 MW Wind-Solar Hybrid Power Project by the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project was secured through a Tariff-based Competitive Bid as part of MSEDCL’s Phase III initiative.

With this latest addition, JSW Energy’s total locked-in generation capacity has now risen to 17.2 GW. This includes a significant 2.9 GW in Hybrid capacity, reflecting the company’s ongoing commitment to diversifying its energy portfolio. The company is on track to achieve an installed generation capacity of 10 GW by FY25, up from the current 7.5 GW.

JSW Energy’s broader strategy includes 7.5 GW of operational capacity, 2.3 GW under construction across wind, thermal, and hydro projects, and a renewable energy pipeline of 7.3 GW, with Power Purchase Agreements (PPAs) already signed for 2.3 GW. Additionally, the company has locked in 4.2 GWh of energy storage capacity through battery storage systems and hydro-pumped storage projects.

Looking ahead, JSW Energy aims to reach a generation capacity of 20 GW and 40 GWh of energy storage capacity by 2030. The company has also set an ambitious target of achieving carbon neutrality by 2050, underscoring its commitment to sustainability and the energy transition.