The agreements were made for two hybrid projects, each with a capacity of 600 MW, for a total of 1,200 MW.
The project is scheduled for completion within 48 months, enhancing energy reliability and grid stability in Maharashtra.
This is the company's first greenfield wind power plant for SECI, contributing to its renewable energy growth and supporting a sustainable future.
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The new project increases JSW Energy's total locked-in generation capacity to 18.2 GW and bolsters its renewable energy portfolio.
JSW Energy emphasized that the guarantee is for its 95% subsidiary, part of its consolidated group, with no current impact on the company’s financials.
The company's entire generating capacity, including 2.9 GW from hybrid sources, now stands at 17.2 GW thanks to this new project.
The company recorded an 80% year-on-year increase in net profit to ₹521.80 Crore for the first quarter ending June 30, 2024.
The sister company of JSW Infra, JSW Energy, is likewise looking at acquisitions in the green energy space.
Bidders have until later this month to submit an initial resolution plan with a ₹10 crore deposit, according to news reports.
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