JSW Energy Limited has secured two major projects via its subsidiaries, JSW Neo Energy Limited and JSW Renew Energy Twenty Limited.

What Happened: JSW Neo Energy was awarded a Letter of Award (LoA) from NTPC Limited on Friday for a 300-megawatt ISTS-connected Wind-Solar Hybrid Power Project. This award has increased JSW Energy’s total locked-in generation capacity to 16.7 gigawatts, including a hybrid capacity of 2.6 gigawatts.

The company stated, “This project enhances the company's energy solution offerings and supports its transition towards becoming an energy products and services company.”

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Simultaneously, JSW Renew Energy Twenty Limited has signed a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company Limited for a 300-megawatt solar project in Pavagada Solar Park, Karnataka.

The project, slated for commissioning in the next 18 months, will supply power until FY2044 at a tariff of ₹2.89/kilowatt hour. This agreement has increased JSW Energy’s solar pipeline capacity to 3.2 gigawatts.

The two orders helped the stock jump back into the green on Friday morning after it ended Thursday over 1% lower.

Price Action: JSW Energy’s share price was up 1.02% to trade at ₹717.95 shortly after market open on Friday.

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