JSW Energy Ltd secured a Letter of Intent (LoI) for 300 MW of solar capacity from Gujarat Urja Vikas Nigam (GUVNL).

The LoI was granted to JSW Neo Energy, a wholly owned subsidiary of JSW Energy, for grid-connected solar capacity at Khavda RE Park in Gujarat.

This achievement comes in the wake of a tariff-based competitive bid for establishing 1,125 MW of grid-connected solar power projects in Gujarat State Electricity Corporation’s RE Park at Khavda.

JSW Energy’s current installed generation capacity stands at 7.2 GW, with 675 MW attributed to solar power. The company anticipates reaching 9.8 GW of installed capacity by CY24.

With the newly awarded 300 MW capacity under GSECL Stage-3, JSW Energy’s total locked-in generation capacity rises to 12 GW, of which 2.4 GW will be solar.