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JSW Energy Completes ₹630 Crore Acquisition of 125 MW RE Assets

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Synopsis:

JSW Neo Energy, a subsidiary of JSW Energy, finalised the ₹630 crore acquisition of 125 MW renewable energy assets from Hetero Group, enhancing its RE capacity.

JSW Energy news today

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has completed the acquisition of 125 MW renewable energy assets from Hetero Group for ₹630 crore. The assets include wind power projects located in Andhra Pradesh and Maharashtra, secured under long-term power purchase agreements (PPAs). This acquisition enhances JSW Energy’s renewable portfolio, aligning with its commitment to expanding clean energy capabilities.

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JSW ENERGY LIMITED

Trade

517.75-21.84 (-4.04 %)

Updated - 13 January 2025
539.60day high
DAY HIGH
514.70day low
DAY LOW
2129536
VOLUME (BSE)

Key Takeaways:

  • JSW Neo Energy acquired 125 MW wind energy assets for ₹630 crore.

  • The portfolio spans Andhra Pradesh and Maharashtra with long-term PPAs.

  • Blended tariff: ₹5.22 per KWh; average plant life: 15 years.

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Overview of the renewable portfolio

The 125 MW renewable energy portfolio consists of assets housed under three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio's consistent energy production and favourable tariff strengthen JSW Energy’s operational stability and long-term growth.

Details of Acquisition

Specifications

Total Capacity

125 MW

Locations

Andhra Pradesh, Maharashtra

Blended Tariff

₹5.22/KWh

Remaining Plant Life

15 years

Enterprise Value

₹630 crore

Strengthening JSW Energy’s diverse portfolio

This acquisition brings JSW Energy’s total locked-in capacity to 24.7 GW, which includes a diverse mix of fuel types and power offtakers. The company continues to focus on renewable energy growth, aiming to achieve a 60% renewable energy share by 2030. The strategic move supports JSW Energy’s vision for sustainable energy solutions, offering a positive outlook for the JSW Energy share price.

The successful acquisition of Hetero Group’s renewable assets reflects JSW Energy’s dedication to enhancing its renewable energy capacity. With robust plans for expansion and a growing clean energy portfolio, JSW Energy remains a key player in the renewable energy market. Investors are closely monitoring developments around the JSW Energy share price.

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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