JSW Energy on Saturday announced that its wholly-owned subsidiary JSW Neo Energy Ltd has bagged an additional 500 MW of wind energy capacity for wind power projects of Solar Energy Corporation of India Limited (SECI).
With the latest award, the total wind power capacity won by JSW Neo Energy Ltd under the SECI Tranche XVI has increased to 1,000MW, J
SW Energy said in an exchange filing on Saturday, March 16.
JSW Neo Energy Ltd bagged a 500MW wind capacity under the SECI Tranche XVI. The company received a letter of award (LoA) for an additional 500MW under the greenshoe option for SECI wind power projects, taking the total capacity to 1,000 MW, the filing stated.
The latest project win will help JSW Energy take its total locked-in generation capacity to 12.5GW, of which 4.6GW will be wind power.
The company at present has an installed generation capacity of 7.2GW, of which 1.6GW is wind. Around 2.6GW of power capacity is under construction across wind, thermal and hydro segments.
Also, the company has received LoAs for 2.7GW capacity from SECI (solar and wind), SJVN and GUVNL.
JSW Neo Energy Ltd on Wednesday (March 14) received a letter of intent (LoI) for the grid-connected solar capacity of 300MW from Gujarat Urja Vikas Nigam Limited. The solar capacity will be set up in Gujarat State Electricity Corporation’s RE Park at Khavda.
JSW Energy targets an installed capacity of 9.8 GW by the end of this year against the current 7.2 GW.
JSW Energy is part of the $23 billion JSW Group which has interests in steel, energy, infrastructure, cement, sports and other sectors.
JSW Energy is targeting a total generation capacity of 20GW by 2030, reducing its carbon footprint by 50% by the same year and becoming Net Zero by 2050.
JSW Energy shares closed 4.57% higher at ₹497.6 apiece on BSE on Friday.
(Edited by : Sudarsanan Mani)
