JSW Neo Energy bags additional 400 MW wind-solar hybrid project from MSEDCL – EQ
In Short : JSW Neo Energy has secured a 400 MW Wind-Solar Hybrid project. This project combines wind and solar power generation, optimizing energy production and ensuring a more reliable supply. Securing this project marks a significant step for JSW Neo Energy in expanding its renewable energy portfolio, contributing to India’s transition towards sustainable and clean energy sources.
In Detail : JSW Energy on Thursday said its wholly-owned subsidiary JSW Neo Energy has secured an additional 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL).
Subsequent to this, the cumulative capacity allotted to JSW Neo under Phase- III (of MSEDCL) stood at 600 MW, a company statement said.
According to the statement, JSW Neo Energy, a wholly-owned subsidiary of JSW Energy (company), has received Letter of Award (LoA) for an additional 400 MW of Wind-Solar Hybrid Power Project under greenshoe option from MSEDCL against MSEDCL Phase III.
The company, however, did not disclose any financial details.
Following this capacity award, the total locked-in generation capacity of JSW Energy has increased 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.
