 "JSW Energy secures a 600 MW wind-solar project, boosting its capacity to 18.2 GW, while eyeing carbon neutrality by 2050.")
JSW Energy’s subsidiary, JSW Neo Energy, has secured a 600 MW wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). This new project boosts JSW Energy’s total locked-in generation capacity to 18.2 GW, which includes a hybrid capacity of 3.8 GW. The company aims to increase its installed generation capacity to 10 GW by FY25, up from the current 7.5 GW. Along with enhancing its energy solutions, JSW Energy is targeting 20 GW of generation capacity and 40 GWh of energy storage by 2030, with a goal of achieving carbon neutrality by 2050. This development aligns with the company’s commitment to renewable energy and sustainable practices.
JSW Energy Expands Capacity with New Wind-Solar Hybrid Project
JSW Energy has made a significant move in the renewable energy sector by securing a 600 MW wind-solar hybrid power project from the Maharashtra State Electricity Distribution Company (MSEDCL). This announcement, made on September 10, 2024, marks a major step forward as JSW Neo Energy, a subsidiary of JSW Energy, continues to enhance its renewable energy offerings.
With this latest project, the company’s total locked-in generation capacity has risen to an impressive 18.2 GW. This includes a significant hybrid capacity of 3.8 GW. The awarded project consists of 400 MW allocated under a greenshoe option as part of MSEDCL’s Phase IV initiative. While financial details have not been disclosed, this venture is expected to play a crucial role in JSW Energy’s objective to increase its installed generation capacity to 10 GW by fiscal year 2025, up from the current 7.5 GW.
In addition to its growth in generation capacity, JSW Energy is also focusing on enhancing its energy storage capabilities, boasting 4.2 GWh through battery energy systems and hydro pumped storage projects. The company aims to further increase its generation capacity to 20 GW and energy storage to 40 GWh by 2030. Additionally, JSW Energy has set an ambitious goal of achieving carbon neutrality by 2050.
Overall, this new project not only strengthens JSW Energy’s position in the renewable energy landscape but also aligns with global efforts towards sustainable energy solutions.
Tags: JSW Energy, wind-solar hybrid project, renewable energy, Maharashtra, energy storage, carbon neutrality.
- What is the JSW Neo Energy project?
The JSW Neo Energy project is a 600 MW wind-solar hybrid power project developed by JSW Energy. It combines both wind and solar energy to generate electricity efficiently.
- Where is the project located?
The project is located in Maharashtra, India. It is part of efforts to increase renewable energy sources in the region.
- How does a wind-solar hybrid project work?
A wind-solar hybrid project uses both wind turbines and solar panels to produce electricity. This combination helps generate power during the day with solar and at night or on windy days with wind energy.
- Who is MSEDCL?
MSEDCL stands for Maharashtra State Electricity Distribution Co. Ltd. It is the company responsible for distributing electricity in Maharashtra, and it plays a key role in connecting renewable energy projects to the grid.
- What are the benefits of this project?
The project aims to reduce carbon emissions, promote clean energy, and provide a stable power supply to consumers. It also helps in meeting India’s renewable energy targets.
