JSW Neo Energy

RERC Approves Tariffs for 1000 MWh BESS in Rajasthan

The Rajasthan Electricity Regulatory Commission (RERC) has approved the tariffs for 1000 MWh BESS in Rajasthan ensuring the transparency and alignment with the market norms. Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) filed a petition for the approval of tariff discovered through a competitive bidding to set up a 500 MW / 1000 MWh standalone […]

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News In Brief March 13: JSW Neo Energy, REC-Kerala MoU, Magenta’s NorMinc

JSW Neo Energy Acquires Virya Infrapower Signs Agreement   JSW Neo Energy Limited (JSWNEL), a subsidiary of JSW Energy, has entered into a Share Purchase Agreement with Virya Infrapower. Under the agreement, JSW Neo Energy would acquire 100% shares of Virya Infrapower Private Limited, i.e., the target company. Consequently, Virya Infrapower Private Limited has become […]

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SECI’s 630 MW FDRE Project Moves Ahead With Adoption of Tariff

A journey that started in September 2023 through the issue of a tender for Renewable energy with energy storage for 1260 MW of Firm and Dispatchable Power (FDRE) has moved a step closer to fruition with the adoption of Tariffs by the CERC. The five winning firms in the tender had finally been awarded capacities […]

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RVUNL Storage Tender Attracts Bids At Rs 2.21/kWh, A New Low

Energy storage tenders continued their steep decline from last year, as RVUNL’s 500 MW/ 1000 MWh standalone BESS tender, which comes with a 30% VGF support, attracting bids at Rs 2.21 lakhs /MWh.   Solar World Energy led with the lowest bid and an award of 125 MW/250 MWh, while Oriana Power won 50MW/100 MWh with […]

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Vikram Solar Announces 1 GW Module Order From JSW

Indian solar module manufacturer Vikram Solar has announced that it has secured a significant order to supply 1GW of solar modules. Under this contract, Vikram Solar will supply its advanced Hypersol N-Type TOPCON Glass-to-Glass Modules (580Wp and above) to fulfill the order. The modules are specifically designed to deliver enhanced efficiency, making them ideal for […]

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JSW Renewable, China’s SANY Seal Licensing Deal Formally

JSW Renewable Technologies Two, a subsidiary of JSW Renewable energy, has entered into a technology licensing agreement with Chinese Wind turbine maker SANY Renewable Energy to manufacture wind turbine blades in India for its captive use. The company entered the formal agreement after eight months with the initial announcement made in March 9 this year. […]

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Sharp Fall In BESS Tender Bids Signals Faster Energy Storage Additions In India

In the past three months multiple BESS (Battery-based Energy Storage system) tender results have pointed to yet another mini-disruption in the fast-evolving Indian renewable energy sector. Energy storage targets for 2028 might be a lot closer in 2026 itself. The price drops have been attributed primarily to falling lithium cell costs, which have led to […]

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JSW Neo Energy Limited to Acquire Hetero Group RE Portfolio

JSW Neo Energy Limited (JSWNEL), a wholly owned subsidiary of JSW Energy Limited, signed definitive agreements this week, to acquire three Special Purpose Vehicles (SPVs) from Hetero Labs Limited and Hetero Drugs Limited (Hetero Group). These SPVs collectively hold a cumulative wind energy generation capacity of 125 megawatts (MW). The transaction is subject to the […]

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3 GW Of Pumped Hydro Projects Set To Boost MSEDCL’s Portfolio

Maharashtra is set to witness the addition of 3 GW of energy storage projects through Pumped Storage Projects (PSPs). These new projects are expected to meet the growing demand of the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). Two companies, JSW Neo Energy Limited and Torrent Power Limited, have secured contracts to build the projects. […]

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