JSW Neo Energy Secures 400 MW Solar Project, Advancing Towards 20 GW Capacity Goal

JSW Neo Energy Limited (or “JSW Neo”), a wholly owned subsidiary of JSW Energy Limited (or “The Company”), has received a Letter of Award (or “LoA”) for setting up 400 MW ISTS connected Solar Power Project from NTPC Limited (or “NTPC”) against Tariff based Competitive Bid invited for setting 1,500 MW ISTS-connected Solar Power Projects (NTPC-ISTS-III). Subsequent to this, the Company’s total locked-in generation capacity increases to 19.6 GW of which 4.4 GW comprises of Solar projects.

SW Energy aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.7 GW of operational capacity spread across thermal, hydro and RE. The company also has 16.2 GWh of locked-in energy storage capacity through a battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.