SECI awards JSW Neo Energy wind energy project
POWER & RENEWABLE ENERGY

SECI awards JSW Neo Energy wind energy project

Solar Energy Corporation of India has awarded JSW Neo Energy, a subsidiary of JSW Energy, a 300 MW wind energy project.

The letter of award (LoA) for a total wind capacity of 300 MW has been obtained by JSW Neo Energy, a fully owned subsidiary of JSW Energy, according to a statement from JSW Energy.

According to the company, it won the project in a tariff-based competitive bids process that SECI had requested for the establishment of 1,200 MW of ISTS-connected wind generation plants (Tranche - XII).

The company's overall power generation portfolio then grew to 7.3 GW, with a percentage of renewable energy equal to 57 per cent, it was reported.

According to the statement from Prashant Jain, Joint Managing Director and CEO of JSW Energy, "This is another stride in our renewable led growth plan and we will continue to actively contribute to realising India's renewable and net-zero aspirations."

JSW Energy has set a lofty goal of becoming carbon neutral by 2050 by switching to renewable energy and reducing its carbon footprint by 50 per cent by 2030. By 2030, the corporation wants to have 20 GW of capacity, with 85 percent of that coming from renewable sources.

JSW Neo Energy is a vehicle formed as a part of re-organisation of business to own all the renewable/green power generating assets.

Solar Energy Corporation of India has awarded JSW Neo Energy, a subsidiary of JSW Energy, a 300 MW wind energy project. The letter of award (LoA) for a total wind capacity of 300 MW has been obtained by JSW Neo Energy, a fully owned subsidiary of JSW Energy, according to a statement from JSW Energy. According to the company, it won the project in a tariff-based competitive bids process that SECI had requested for the establishment of 1,200 MW of ISTS-connected wind generation plants (Tranche - XII). The company's overall power generation portfolio then grew to 7.3 GW, with a percentage of renewable energy equal to 57 per cent, it was reported. According to the statement from Prashant Jain, Joint Managing Director and CEO of JSW Energy, This is another stride in our renewable led growth plan and we will continue to actively contribute to realising India's renewable and net-zero aspirations. JSW Energy has set a lofty goal of becoming carbon neutral by 2050 by switching to renewable energy and reducing its carbon footprint by 50 per cent by 2030. By 2030, the corporation wants to have 20 GW of capacity, with 85 percent of that coming from renewable sources. JSW Neo Energy is a vehicle formed as a part of re-organisation of business to own all the renewable/green power generating assets.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code