JSW To Add New Solar Capacities To Karnataka’s Pavagada Solar Park

JSW To Add New Solar Capacities To Karnataka's Pavagada Solar Park

JSW Energy Limited received a Letter of Award (LoA) from Karnataka Renewable Energy Development Limited (KREDL) for setting up a 300 MW solar power project at Pavagada Solar Park in Karnataka. Pavagada Solar Park in the Tumkur district of Karnataka is one of the largest solar parks of India. It is also the single site largest solar power generator for the southern state.

In addition, the green company also received an order to set up a 500 MW solar project with a 250 MW / 500 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). SECI is the nodal tendering agency of the Ministry of New and Renewable Energy (MNRE). 

JSW Energy, a wholly-owned subsidiary, of JSW Neo Energy Limited (JSW Neo), achieved a total locked-in capacity increase of 15.5 GW after this receiving project from the KREDL. The company expects to achieve an installed generation capacity of 10 GW by FY25, up from 7.5 GW. JSW Energy has a total locked-in generation capacity of 15.5 GW comprising 7.5 GW operational, 2.3 GW under construction across wind, thermal, and hydro, and an RE pipeline of 5.7 GW (PPAs signed for 2.0 GW).

The company also has 3.7 GWh of locked-in energy storage capacity through battery energy storage systems and hydro-pumped storage projects. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. 

LoA for SECI’s BESS Project

JSW Neo Energy Limited also received a Letter of Award (LoA) for setting up a 500 MW ISTS-connected solar power project along with 250 MW / 500 MWh of Energy Storage Systems (BESS) from Solar Energy Corporation of India Limited (SECI).

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JSW Neo received this award against a tender of SECI meant for setting up 1,200 MW ISTS-connected solar power projects along with 600 MW / 1,200 MWh of Energy Storage Systems (Tranche XV). After this capacity award, the company’s total locked-in generation capacity increases to 16.0 GW and the total locked-in energy storage capacity increases to 4.2 GWh. The company expects an installed generation capacity of 10 GW by FY25, up from 7.5 GW.

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With this project, the company further strengthened its energy solution offerings while moving towards an energy products and services company. JSW Energy has a total locked-in generation capacity of 16.0 GW comprising 7.5 GW operational, 2.3 GW under construction across the wind, thermal, and hydro, and renewable energy (RE) pipeline of 6.2 GW (PPAs signed for 2.0 GW).

The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage systems and hydro-pumped storage projects. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving carbon neutrality by 2050.