JSW Energy’s wholly owned subsidiary -- JSW Neo Energy has received Letter of Intent (LoI) for grid connected solar capacity of 300 MW from Gujarat Urja Vikas Nigam (GUVNL), against Tariff based Competitive Bid invited for setting up of 1,125 MW grid connected solar power project to be set-up in Gujarat State Electricity Corporation’s RE Park at Khavda (GSECL Stage-3).
The current installed generation capacity is 7.2 GW, of which 675 MW is solar. The company expects to have 9.8 GW of installed capacity by CY24. With this awarded capacity of 300 MW under GSECL Stage-3, the company's total locked-in generation capacity increases to 12.0 GW, of which 2.4 GW will be solar.
JSW Energy has total locked-in generation capacity of 12.0 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoAs for 2.2 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN and GUVNL. In addition, the company has 3.4 GWh of locked-in energy storage capacity through 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 for 50% reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
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| Tata Power | 430.30 |
| Power Grid Corp | 309.50 |
| Adani Power | 627.65 |
| Torrent Power | 1363.30 |
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