JSW Neo Energy secures additional 400 MW wind-solar hybrid project
Power Generation
Sep 02,2024
JSW Energy's wholly-owned subsidiary JSW Neo Energy has secured an additional 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL).
The company has received a letter of award (LoA) under the greenshoe option from MSEDCL against MSEDCL Phase-III.
Subsequent to this, the cumulative capacity allotted to JSW Neo under Phase-III (of MSEDCL) stood at 600 MW. Following this capacity award, the total locked-in generation capacity of JSW Energy has risen to 17.6 GW, which includes a total locked-in hybrid capacity of 3.2 GW (including FDRE).
The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently.