JSW Renew Energy Commissions 51 MW Wind Energy Capacity In Tamil Nadu
The project has a power purchase agreement with the Solar Energy Corporation of India (SECI) for 25 years
According to the company, JSW Renew Energy has successfully started the first phase of its 810 MW wind energy project in Tamil Nadu, which represents a major milestone in its portfolio of renewable energy projects. With a 25-year power purchase agreement in place with the Solar Energy Corporation of India (SECI), the project was awarded under SECI tranche IX and is expected to help India meet its clean energy targets.
With the inauguration of the first phase of 51 MW, JSW Renew Energy now has a remarkable 6,822 MW of installed capacity overall. The business also has a 2,969 MW capacity under construction, which is anticipated to be partially commissioned over the course of the following year. Prashant Jain, the CEO and joint managing director of JSW Energy, expressed his happiness that the SECI-IX wind project has started, emphasising that it is the company’s first and largest greenfield wind capacity.
With this breakthrough, JSW Energy will easily reach its goal of having 10 GW of generation capacity by the end of 2024. By 2030, the company hopes to have achieved its lofty long-term targets of 20 GW of generation capacity and 40 GWh of energy storage capacity. With a 9.8 GW overall capacity as of right now, the firm is well-positioned to meet its 2025 deadline of 10 GW.
Additionally, JSW Energy has obtained 3.4 GWh of energy storage capacity via a hydro-pumped storage project and a battery energy storage system. With goals to cut its carbon footprint by 50 per cent by 2030 and become carbon neutral by 2050, the corporation is dedicated to environmental sustainability. The latest accomplishment of JSW Renew Energy demonstrates its dedication to making a substantial contribution to India’s renewable energy sector.