JSW Neo Energy Secures 400 MW Wind-Solar Hybrid Project from MSEDCL

JSW Neo Energy, a subsidiary of JSW Energy, has secured an additional 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company. This brings its Phase III capacity to 600 MW. JSW Energy's total locked-in generation capacity now stands at 17.6 GW, with ambitions to reach 20 GW by 2030.

JSW Energy's subsidiary, JSW Neo Energy, announced on Thursday the acquisition of an additional 400 MW wind-solar hybrid project from the Maharashtra State Electricity Distribution Company (MSEDCL).

This latest allocation increases JSW Neo's total capacity under MSEDCL Phase III to 600 MW, according to a statement from the company.

Though financial specifics weren't disclosed, JSW Energy's total locked-in generation capacity now rises to 17.6 GW. The company aims to scale its installed generation capacity to 10 GW by FY25, up from the current 7.5 GW. Additionally, JSW Energy plans to hit 20 GW in overall generation capacity and 40 GWh in energy storage capacity by 2030, while striving for Carbon Neutrality by 2050.

(With inputs from agencies.)