+
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
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code