JSW Energy Commissions 27 MW Wind Energy Plant

The commissioning of 27 MW of wind energy generation capacity was part of the first phase of JSW Energy’s 450 MW wind project at Tuticorin in Tamil Nadu, according to an announcement.

In a BSE filing, the company announced that  “JSW Renew Energy Two Ltd, a step-down subsidiary of JSW Energy, has started phase-wise commissioning of 450 MW ISTS-connected wind power project awarded under SECI (Solar Energy Corporation of India) tranche X at Tuticorin in Tamil Nadu with commissioning of the first phase of 27 MW.”

The company claims that this is the first greenfield wind power project it has ever completed. It also serves as proof of the team’s project execution skills.

The project and SECI have had a power purchase agreement for 25 years. The company is also constructing 1.8 GW of greenfield renewable energy capacity to reach 10 GW of capacity well before its FY25 deadlines and 20 GW of capacity by FY30. By switching to renewable energy, JSW Energy has set the lofty goals of reducing its carbon impact by 50% by 2030 and becoming carbon neutral by 2050.

By 2030, the corporation wants to attain 20 GW of capacity, with 81% of that coming from renewable sources. Currently, there are 2.63 GW of renewable energy projects under construction or in the pipeline, with wind projects totaling 1.26 GW that are tied to SECI and expected to be fully operational in the upcoming 12 to 18 months.

Furthermore, SECI’s tranche XII auction resulted in the company receiving an LoA (letter of award) for a 300 MW wind project. Total locked-in capacity will rise to 9.9 GW with the acquisition of Mytrah Energy’s 1.75 GW RE assets and 700 MW Ind-Barath Thermal Power Plant.

As part of the reorganization of the company, JSW Neo Energy, a fully owned subsidiary of JSW Energy, was created as a vehicle to own all the renewable/green and new energy businesses.

According to the corporation, it is looking for potential to enter the burgeoning energy sectors of green hydrogen, hydro-pumped storage, battery energy storage, and energy products and services.

Earlier, JSW Renew Energy Five Limited, a special-purpose vehicle of JSW Energy won a battery storage auction by SECI (Solar Energy Corporation of India). The auction was for the establishment of pilot projects entailing 500MW/1000 MWh standalone BESS (Battery Energy Storage Systems), all under the BOOT model (Build, Own, Operate & Transfer). JSW’s winning bid was at Rs 10.84 lakh per MW.