Construction Industry News
Solar Energy Corporation of India has awarded JSW Neo Energy, a subsidiary of JSW Energy, a 300 MW wind power project.
The letter of award (LoA) for a total wind capacity of 300 MW has been obtained by JSW Neo Energy, a wholly owned subsidiary of JSW Energy, according to a statement from JSW Energy.
According to the company, it won the project in a rate-based competitive bidding process that SECI had applied for for the establishment of 1,200 MW ISTS-connected wind power plants (Tranche - XII).
The company's total power generation portfolio then grew to 7.3 GW, with a renewable energy percentage of 57 percent, it was reported.
According to the statement from Prashant Jain, Joint Managing Director and CEO of JSW Energy, "This is another step in our sustainable growth plan and we will continue to actively contribute to achieving India's sustainable and net-zero aspirations."
JSW Energy has set a lofty goal to become carbon neutral by 2050 by switching to renewable energy and reducing its carbon footprint by 50 percent by 2030. By 2030, the company aims to have 20 GW of capacity, 85 percent of which will come from renewable sources.
JSW Neo Energy is a vehicle created as part of the company's reorganization to take ownership of all renewable/green power generation assets.
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