JSW's 700 MW Solar Parks Deal with SJVN
- JSW Energy secures 700 MW solar park order, expanding its total power generation capacity to 11 GW with ambitious plans for further growth by 2030.
JSW Energy Ltd, a Mumbai-based power company, has secured an order to install 700 MW of Inter State Transmission System (ISTS)-connected solar parks in India. The Letter of Award was received by its subsidiary JSW Neo Energy Ltd from domestic power producer SJVN Ltd after a competitive solicitation for 1.5 GW of ISTS-connected photovoltaic (PV) capacity. The exact location of the project was not specified, but the solar plants are expected to be commissioned within 24 months from the date of signing a power purchase agreement (PPA).
With this latest award, JSW's total locked-in power generation capacity has increased to 11 GW, with 7.2 GW of operational and 2.6 GW of under-construction assets. The company currently has 1.4 GW of solar PV capacity and aims to expand its installed fleet to include 20 GW of power generation and 40 GWh of energy storage capacity by 2030. By the end of this year, JSW expects to have 9.8 GW of plants in operation.
What is JSW Energy Ltd's target for power generation and energy storage capacity by 2030?
- JSW Energy Ltd aims to expand its installed fleet to include 20 GW of power generation capacity by 2030
- The company also targets to have 40 GWh of energy storage capacity by 2030
- By the end of this year, JSW expects to have 9.8 GW of plants in operation
- The recent order for 700 MW of ISTS-connected solar parks adds to JSW's total locked-in power generation capacity of 11 GW, with 7.2 GW operational and 2.6 GW under construction.
