India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
JSW Energy stated that its subsidiary, JSW Neo Energy, has received a Letter of Award (LoA) from SJVN Ltd for a 700 MW solar power project connected to the interstate transmission system. This LoA was received in response to a tariff-based competitive bid for the development of 1,500 MW ISTS-connected solar power plants, according to JSW in a stock exchange filing.
With this deal, the company's total locked-in capacity has increased to 11 GW, including 1.4 GW of solar capacity.
The project is mandated to deliver power at its full contracted capacity within 24 months of the Power Purchase Agreement (PPA) implementation date.
Currently, JSW Energy has a total locked-in generation capacity of 11 GW, with 7.2 GW already operational and 2.6 GW under construction across wind, thermal, and hydro projects. Additionally, it has secured contracts for an additional 1.2 GW capacity from SECI (Tranche–XVI) and SJVN. Moreover, the company has 3.4 GWh of locked-in energy storage capacity through battery energy storage systems and hydro-pumped storage projects.
JSW Energy aims to increase its operational generation capacity to 9.8 GW by the end of the calendar year 2024, up from the current 7.2 GW. Going forward, the company targets reaching a generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030. JSW Energy has set ambitious sustainability goals, including a 50% reduction in carbon footprint by 2030 and achieving carbon neutrality by 2050.
JSW Energy is a prominent player in India's private sector power generation industry. It operates as part of the JSW Group, a conglomerate with a substantial presence in various sectors, including steel, energy, infrastructure and cement.
At 2:03 AM, shares of JSW Energy were trading 0.94% lower at ₹519.45 apiece on the NSE.
Also Read : KFIL restarts mini blast furnace operations at Hiriyur plant as market rebounds L&T commissions India's first indigenously built green hydrogen electrolyser in Gujarat
Ukraine’s Interpipe Delivers Steel Pipes For Swiss Alps’ Titlis Tower Inter...
Energy 25-Jul-2025
Steel Demand to Reinforce MSMEs Amid Rising Costs: CRISIL SME Tracker India’s steel demand is...
India 26-Aug-2025
The Amara Raja Group's Amara Raja Infra Private Limited (ARIPL) has declared that it has entered the...
Mid Corporate 22-Apr-2024
The Yogi government has launched strategies to transform 17 major cities of the state into solar cit...
Renewables 08-Feb-2024
Justices Nitin Sambre and Abhay Mantri of the Bombay High Court's Nagpur bench have postponed the tr...
Business 19-Feb-2024
Singareni Collieries firm Ltd (SCCL), a government coal mining firm controlled by the Government of...
Small Enterprises 26-Feb-2024