JSW Energy bags 700MW Indian PV project in NTPC tender

April 23, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
Solar panels in India.
Research has shown that government tenders in India need to increase to support the country’s solar targets. Credit: Solar Energy Corporation of India

Indian power company JSW Energy Limited has been awarded the contract for a 700MW solar PV project through its wholly-owned subsidiary, JSW Neo Energy.

The deal came through a competitive, tariff-based tender from the Indian government-owned electricity generator the National Thermal Power Corporation (NTPC). The entire tender sought 1.5GW of solar PV capacity to be connected to India’s Interstate Transmission System (ISTS).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Neither company disclosed the state or specific location of the project.

JSW said that this deal brings its total generation portfolio to 13.3GW, 3.1GW of which is solar PV capacity. It added that there are 3.4GW of projects locked in under Letters of Award or Letters of Intent in deals with Indian state-owned companies NTPC, SJVN and GUVNL.

Earlier this month, JSW Neo Energy secured a 700MW contract in a tender from the state-owned Solar Energy Corporation of India (SECI). This capacity was awarded at INR2.56 per kWh (US$0.03).

India’s utility-scale solar sector has lagged behind its targets over the past year. Data from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research found that deployed capacity had fallen significantly short of the Indian government’s plans for 450GW of solar PV capacity by 2030.

The reasons provided are twofold. First, the government’s Approved List of Models and Manufacturers (ALMM) legislation, which limits the manufacturers and types of solar modules able to access the Indian market, led to supply shortages and project delays. The ALMM was relaxed in 2023 but reimposed earlier this year.

Secondly, the IEEFA called for the Indian government to increase the frequency and size of its solar tenders, which it said had been falling short of the necessary levels.  

Read Next

October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.
October 28, 2025
Fotowatio Renewable Ventures (FRV) Australia has announced the development of a 210MWdc solar project in New Zealand's Rangitikei District.
October 27, 2025
Engie has signed additional PPAs with Meta, expanding their partnership to more than 1.3GW across four solar projects in Texas.
October 27, 2025
Waaree Energies has secured four solar module supply contracts totalling 692MW – three for projects in India and one in the US through its subsidiary.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany