Following the letter of award of 700 MW capacity from SJVN Ltd, JSW Energy’s total locked-in capacity increases to 11.0 Gigawatt (GW) comprising 1.4 GW of solar capacity
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JSW Energy on Tuesday said it has bagged a 700 Megawatt (MW) solar project from state-owned SJVN. The project has been secured by its subsidiary JSW Neo Energy Ltd (JSW Neo) against a tariff-based competitive bid invited for setting up of 1,500 MW (Interstate Transmission System) ISTS-connected solar power projects, JSW Energy said in an exchange filing.
Following the letter of award (LoA) of 700 MW capacity from SJVN Ltd, the company’s total locked-in capacity increased to 11.0 Gigawatt (GW) comprising 1.4 GW of solar capacity, it said.
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The project is required to supply power of full contracted capacity within 24 months from the effective date of the Power Purchase Agreement (PPA).
Further, JSW Energy said it has a total locked-in generation capacity of 11.0 GW, which includes 7.2 GW in operation, 2.6 GW under construction in wind, thermal, and hydro, and LoAs for 1.2 GW capacity from SECI (Tranche – XVI) and SJVN.
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In addition, the company has 3.4 GWh of locked-in energy storage capacity by means of a battery energy storage system and hydro-pumped storage project.
The company expects to have 9.8 GW of operational generation capacity by CY2024, up from the current operational capacity of 7.2 GW.
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JSW Energy has set an ambitious target for a 50 per cent reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.
