JSW Neo Energy Receives Letter of Award to Establish Green Hydrogen Production Facility

JSW Neo Energy has been awarded the letter of award (LoA) to establish a 6.5 KTPA (Kilotons per annum) green hydrogen production facility. The LoA was granted following an auction conducted by the Solar Energy Corporation of India (SECI) under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme.

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This success underscores JSW Neo Energy's dedication to sustainability and its ambition to lead in the renewable energy sector. With a total generation portfolio of 7.3 GW, of which 57% comes from renewables, the company already holds a significant presence in the wind and solar power sectors.

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The commissioning of JSW Neo Energy's green hydrogen facility is anticipated within 30 months, marking a pivotal milestone in India's green hydrogen aspirations. This project not only benefits the environment but also positions JSW Neo Energy as a frontrunner in this rapidly evolving sector.

About JSW Neo Energy

JSW Neo Energy Limited is a wholly-owned subsidiary of JSW Energy Limited, one of India's leading private-sector power producers. It was formed in March 2022 as part of a reorganization of JSW Energy's business to focus on renewable energy and green businesses. The company's portfolio includes solar, wind, and hydropower projects. It is also exploring opportunities in new areas such as green hydrogen and battery storage.

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JSW Neo Energy's goal is to become a leading player in the Indian renewable energy sector. It has a current total capacity of 9.9 GW, with a target to reach 20 GW by 2030. JSW Neo Energy has made many significant acquisitions in recent years, including the purchase of a 1.75 GW renewable energy portfolio from Mytrah Energy in August 2022.

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