"JSW Neo Energy Wins 230 MW Renewable Energy Contract"

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has been awarded a 230 MW contract for firm and dispatchable renewable energy by the Solar Energy Corporation of India Limited (SECI). The award, announced on August 8, 2024, is part of SECI’s competitive bid for 630 MW of ISTS-connected firm and dispatchable renewable power (SECI-FDRE-IV).
On Thursday at 10 am, JSW Energy Limited's share price was trading at ₹689.10 on the BSE, down by 1.85 points (0.27%), and ₹687.95 on the NSE, down by 2.05 points (0.30%).
With this contract, JSW Energy’s total locked-in generation capacity rises to 16.4 GW, including 2.3 GW of hybrid capacity. The company currently operates 7.5 GW of capacity and targets reaching 10 GW by FY25. Its energy portfolio includes thermal (3,508 MW), wind (1,962 MW), hydel (1,391 MW), and solar (675 MW) power generation.
JSW Energy has set ambitious goals to achieve 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030, with a long-term aim to become carbon neutral by 2050. This new contract supports the company’s strategy to expand its renewable energy footprint and transition towards a broader energy products and services portfolio.
HBL