JSW Energy Secures Major Solar Power and Energy Storage Projects

JSW Energy, a leading Indian power company, announced 2 significant developments on July 22, 2024, that solidify their commitment to renewable energy and position them for substantial growth.

300 MW Solar Project in Karnataka:

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, received a Letter of Award (LoA) from Karnataka Renewable Energy Development Limited (KREDL) for setting up a 300 MW solar power project at Pavagada Solar Park, Karnataka.

This award increases JSW Energy’s total locked-in generation capacity to 15.5 GW, comprising:

• 7.5 GW operational capacity
• 2.3 GW under construction across wind, thermal, and hydro plants
• 5.7 GW renewable energy pipeline with Power Purchase Agreements (PPAs) signed for 2.0 GW

500 MW Solar Project with Energy Storage

JSW Neo Energy also received a LoA from Solar Energy Corporation of India Limited (SECI) to set up a 500 MW ISTS-connected solar power project and a 250 MW/500 MWh energy storage system.

• This project adds to their existing 3.7 GWh of locked-in energy storage capacity through battery energy storage systems and hydro-pumped storage projects.
• With this additional award, JSW Energy’s total locked-in generation capacity reaches 16.0 GW and energy storage capacity climbs to 4.2 GWh.

Looking Ahead

JSW Energy’s ambitious goals include:

• Reaching an installed generation capacity of 10 GW by FY25, up from the current 7.5 GW.
• Achieving a total generation capacity of 20 GW and 40 GWh of energy storage capacity by 2030.
• Attaining carbon neutrality by 2050.

These recent project awards and JSW Energy’s ambitious targets demonstrate their dedication to renewable energy solutions and their commitment to playing a leading role in India’s clean energy transition.

About JSW Energy Limited

JSW Energy Ltd is one of the leading private-sector power producers in India and part of the USD 24 billion JSW Group, which has a significant presence in sectors such as steel, energy, infrastructure, cement, and sports. JSW Energy Ltd has established its presence across the value chains of the power sector with diversified assets in power generation and transmission.

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