JSW Neo Energy Secures 300 MW Wind-Solar Hybrid Power Project from NTPC

JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, has achieved a significant milestone by securing a 300 MW ISTS-connected Wind-Solar Hybrid Power Project. This project was awarded by NTPC Limited through a competitive bidding process under the NTPC-Tranche-VI, which aims to develop a total of 1,000 MW of ISTS-connected Wind-Solar Hybrid Power Projects across India.

A Major Win for JSW Energy’s Expanding Portfolio

With the addition of this 300 MW hybrid project, JSW Energy's total locked-in generation capacity has surged to 16.7 GW. This includes 2.6 GW of hybrid capacity, reflecting the company’s strong focus on diversifying its energy portfolio. Currently, JSW Energy boasts an operational capacity of 7.5 GW, with ambitious plans to expand its installed generation capacity to 10 GW by the fiscal year 2025 (FY25).

The newly awarded hybrid project is a significant step forward in JSW Energy's strategy to broaden its energy solution offerings. It marks a key milestone in the company’s journey towards becoming a comprehensive energy products and services provider, catering to the evolving needs of the energy market in India.

Advancing Towards Renewable Energy Leadership

JSW Energy's current portfolio comprises 7.5 GW of operational capacity, alongside 2.3 GW of projects under construction across various segments, including wind, thermal, and hydro. Additionally, the company has a robust renewable energy pipeline of 6.9 GW, with Power Purchase Agreements (PPAs) signed for 2.0 GW of capacity. This strong pipeline underscores JSW Energy’s commitment to renewable energy expansion and sustainability.

Moreover, JSW Energy has secured 4.2 GWh of energy storage capacity through a mix of battery energy storage systems and hydro-pumped storage projects. These initiatives are critical to enhancing grid stability and supporting the integration of renewable energy into the grid, reflecting the company’s proactive approach to embracing advanced energy storage technologies.

Future Ambitions: 20 GW Generation and 40 GWh Storage by 2030

Looking ahead, JSW Energy has set its sights on achieving a generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030. These targets align with the company’s broader vision of driving the energy transition in India and contributing to the country’s renewable energy goals.

Furthermore, JSW Energy has committed to achieving carbon neutrality by 2050. This ambitious goal highlights the company’s dedication to sustainability and its role in combating climate change. By investing in renewable energy and energy storage, JSW Energy is positioning itself as a leader in the clean energy sector, supporting India’s vision of a greener and more sustainable future.