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JSW Neo Receives LoA from SECI for Supply of 230 MW FDRE

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy has received a letter of award (LoA) from Solar Energy Corporation of India (SECI). The LoA is for supply of 230 MW ISTS-connected firm and dispatchable renewable energy (FDRE).

 

The tariff-based competitive bid was invited for supply of 630 MW firm and dispatchable power from renewable energy projects (SECI-FDRE-IV), and this capacity is part of this. Following the award, the company’s total locked-in generation capacity has risen to 16.4 GW, which includes a total locked-in hybrid capacity of 2.3 GW (including FDRE).

 

The company, at 7.5 GW currently expects to have an installed generation capacity of 10 GW by FY25. This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company.

 

The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030.

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