NTPC Awards JSW Neo 300 MW Of Hybrid Power Projects

NTPC Awards JSW Neo 300 MW Of 1 GW Hybrid Power Project

JSW Neo Energy Limited (JSW Neo), a subsidiary of JSW Energy Limited, received a Letter of Award (LoA) for a 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC Limited.

JSW Neo Energy got this project against a tariff-based competitive bid and was invited to set up 1,000 MW ISTS-connected Wind-Solar Hybrid Power Projects (NTPC-Tranche-VI). Following this capacity award, the company’s total locked-in generation capacity has risen to 16.7 GW, which includes a total locked-in Hybrid capacity of 2.6 GW (including FDRE).

The JSW Neo is expected to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company. JSW Energy has a total locked-in generation capacity of 16.7 GW comprising of 7.5 GW operational, 2.3 GW under construction across the wind, thermal, and hydro, and RE pipeline of 6.9 GW (PPAs signed for 2.0 GW).

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The company also has 4.2 GWh of locked-in energy storage capacity through a battery energy storage system and a hydro-pumped storage project. 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.