With the latest project win, JSW Energys total locked-in generation capacity has increased to 13.3 GW of which 3.1 GW is solar power, a BSE filing said.
JSW Neo Energy, a JSW Energy arm, wins 700 MW solar project from NTPC. Total capacity 13.3 GW, 3.1 GW solar. Aiming for 20 GW generation, 40 GWh storage, Carbon Neutrality by 2050.
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The management said that the highly anticipated unlocking of value in JSW Neo Energy, the group’s green energy arm, may not happen soon as its Rs 5,000 crore QIP has provided enough capital for the next two years. JSW Energy is confident of reaching 20 gigawatt capacity ahead of its FY30 target, riding on organic and inorganic growth.