JSW Energy has announced that its subsidiary, JSW Neo Energy, has secured a major contract from the Solar Energy Corporation of India (SECI) to develop a 500 MW solar project connected to an inter-state transmission system (ISTS). The project will also include 250 MW/500 MWh of energy storage systems, aimed at enhancing grid stability and energy reliability. This contract was awarded through a competitive bidding process for Tranche XV, which involved a total of 1,200 MW of ISTS-connected solar projects and 600 MW/1,200 MWh of energy storage systems.
In addition, JSW Neo Energy has been granted a Letter of Award (LoA) from Karnataka Renewable Energy Development (KREDL) for a 300 MW solar project at Pavagada Solar Park in Karnataka. This project will further bolster the company’s portfolio in the renewable energy sector.
With these new project awards, JSW Neo Energy’s total locked-in generation capacity has risen to 16 GW, while its energy storage capacity has increased to 4.2 GWh. The company is now focused on reaching an installed generation capacity of 10 GW by FY25, up from its current capacity of 7.5 GW, demonstrating its commitment to expanding its renewable energy footprint.
