JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has been awarded an additional 400 MW Wind-Solar Hybrid Power Project under the greenshoe option by the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This award is part of MSEDCL’s Phase III allocation, bringing JSW Neo’s total capacity under this phase to 600 MW.
With this new capacity, JSW Energy’s total locked-in generation capacity has increased to 17.6 GW. This includes 3.2 GW of Hybrid capacity, which incorporates both wind and solar energy sources, underscoring the company’s commitment to expanding its renewable energy portfolio. Currently, JSW Energy operates 7.5 GW of generation capacity, with plans to increase this to 10 GW by the end of FY25.
The company’s diverse energy portfolio also includes 2.3 GW of under-construction projects across wind, thermal, and hydro energy, as well as a renewable energy (RE) pipeline of 7.7 GW, with Power Purchase Agreements (PPAs) signed for 2.3 GW. Additionally, JSW Energy has locked in 4.2 GWh of energy storage capacity through its battery energy storage system and hydro pumped storage projects.
JSW Energy aims to reach a generation capacity of 20 GW and 40 GWh of energy storage capacity by 2030, with an ambitious target of achieving Carbon Neutrality by 2050. The latest project award strengthens the company’s transition towards becoming a comprehensive energy products and services provider.
