JSW Energy hits 52-week high after winning 300 MW wind-solar power project

After the company announced that its wholly owned subsidiary, JSW Neo Energy Limited, obtained a Letter of Award (LoA) for establishing a 300 MW ISTS-connected wind-solar hybrid power project from Solar Energy Corporation of India Limited (SECI) against a tariff-based competitive bid invited for setting up 1,200 MW ISTS-connected wind-solar hybrid power projects (Tranche VIII), JSW Energy shares reached new all-time high of ₹740 apiece in today’s early morning trade.

Following this capacity award, the company’s total locked-in capacity rises to 13.6 GW. The company intends to have 9.8 GW of installed generating capacity by CY24, up from 7.3 GW currently.

With this hybrid project, the firm moves toward becoming a provider of energy solutions and services while strengthening its energy solution offerings.

The company stated that it had a total locked-in generation capacity of 13.6 GW, with 7.3 GW operating, 2.6 GW under construction across wind, thermal, and hydro, and a pipeline of 3.7 GW. The firm also includes a hydro-pumped storage project and a battery energy storage system that provides 3.4 GWh of locked-in energy storage capacity.

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