Power major JSW Energy Ltd and Maharashtra Government have signed two MoUs to set up two green projects worth Rs 35,500 crore. The agreement is under the State Government’s Magnetic Maharashtra 2.0 initiative, started last year, to focus on stimulating investment and growth. The two new projects will supply green renewable power round the clock, and help Maharashtra reduce its dependence on non-renewable sources of energy. The projects are slated to kick off in 18 months and are expected to generate 6,500 MW of clean energy in northern and western Maharashtra.
In August this year, JSW had announced that its wholly-owned subsidiary, JSW Future Energy Ltd, partnered with Australian firm Fortescue Future Industries (FFI) to explore opportunities to develop green hydrogen projects in India. Interestingly, JSW Future Energy had received a Letter of Awards in May for a total blended wind capacity of 810 MW from Solar Energy Corporation of India Ltd (SECI).