SECI awards JSW Neo Energy 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.