JSW Neo Energy awarded 700 MW solar capacity LoA from SECI for ISTS connection

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JSW Neo Energy awarded 700 MW solar capacity LoA from SECI for ISTS connection

Team FS

22/Apr/2024

Key Points:

JSW Neo Energy, a subsidiary of JSW Energy, receives Letter of Award for 700 MW of solar capacity from Solar Energy Corporation of India (SECI).
With this award, JSW Energy's total locked-in generation capacity increases to 11.7 GW, positioning it as a key player in the renewable energy sector.
JSW Energy sets ambitious targets for expansion, aiming for 20 GW generation capacity and 40 GWh of energy storage capacity by 2030, with a commitment to carbon neutrality by 2050.

JSW Neo Energy, a subsidiary of JSW Energy, has achieved a significant milestone in India's renewable energy landscape by securing a Letter of Award (LoA) for a 700 MW solar capacity project from the Solar Energy Corporation of India (SECI). This contract underscores JSW Energy's commitment to sustainable growth and its pivotal role in driving the nation's transition towards clean energy solutions.

Strategic Growth Initiatives Boost JSW Energy's Capacity With this latest award, JSW Energy's total locked-in generation capacity rises to an impressive 11.7 GW, solidifying its position as a leading player in the renewable energy sector. The company's strategic focus on expanding its renewable energy portfolio aligns with India's ambitious goals for reducing carbon emissions and achieving energy security through clean sources.

Ambitious Targets Set for Future Expansion and Sustainability JSW Energy has set ambitious targets for further expansion, aiming to reach a generation capacity of 20 GW and 40 GWh of energy storage capacity by 2030. This strategic vision reflects the company's commitment to driving innovation and sustainability in the energy sector, while also contributing to India's renewable energy targets. Additionally, JSW Energy has pledged to reduce its carbon footprint by 50% by 2030 and achieve carbon neutrality by 2050, signaling its unwavering dedication to environmental stewardship and corporate responsibility.

In Conclusion: JSW Neo Energy's successful bid for solar capacity from SECI underscores its leadership in the renewable energy sector and its pivotal role in India's energy transition. As the company continues to expand its renewable energy portfolio and pursue ambitious sustainability goals, it stands poised to drive positive change and create lasting value for stakeholders. With a steadfast commitment to innovation and environmental stewardship, JSW Energy is poised to shape the future of India's energy landscape while contributing to global efforts to combat climate change.

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JSW Neo Energy awarded 700 MW solar capacity LoA from SECI for ISTS connection

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