JSW Energy’s total capacity now stands at 11GW, including 1.4GW of solar. Credit: Mvtstockshot/Shutterstock.com.

JSW Neo Energy, a subsidiary of JSW Energy, has secured a 700MW solar power project from Indian state-owned electricity generator SJVN.

The company secured the contract through a competitive bidding process.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The project is part of a larger initiative to set up 1.5GW of interstate transmission system (ISTS)-connected solar power projects based on tariffs.

JSW Neo Energy must begin supplying power at the full contracted capacity within 24 months from the effective date of the power purchase agreement.

The company’s total capacity now stands at 11GW and includes 1.4GW of solar capacity.

The acquisition adds to the company’s portfolio, which comprises 7.2GW of operational capacity and 2.6GW under construction across the wind, thermal and hydro sectors, alongside letters of award for 1.2GW of capacity from the Solar Energy Corporation of India (SECI), a second state-owned company and SJVN.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

JSW has secured 3.4 gigawatt-hours (GWh) of energy storage capacity, which includes battery energy storage systems and a hydro-pumped storage project.

The award follows its recent procurement of 500MW of wind capacity from SECI.

The wind capacity award was part of SECI’s tranche 16, which aimed to establish 1.35GW of ISTS-connected wind power projects.

The bid also offered the possibility of increasing the awarded capacity by 700MW, bringing its total capacity to 1.02GW.

JSW anticipates an increase in its operational generation capacity to 9.8GW during 2024, up from the current 7.2GW.

Its strategic plan includes reaching a generation capacity of 20GW and an energy storage capacity of 40GWh by 2030.

In line with global sustainability goals, JSW Energy has committed to a 50% reduction in its carbon footprint by 2030 and aims to achieve carbon neutrality by 2050.