JSW Renewable Energy (Coated) Limited, a whollyowned subsidiary of JSW Neo Energy Limited (or “JSW Neo”) and a step down subsidiary
of JSW Energy Limited (or “the Company”), has agreed to acquire 45 MW of Renewable
Energy generation capacity from Reliance Power Limited. The capacity consists of Wind
power project located at Jath, Sangli District, Maharashtra. The transaction values the
project at ?132 crores adjusted for net working capital.
A Business Transfer Agreement has been signed between the parties and the transaction
is subject to other customary approvals standard to a transaction of this size.
JSW Energy has total locked-in generation capacity of 12.5 GW comprising of 7.2 GW
operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for
2.7 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN and
GUVNL. In addition, the company has 3.4 GWh of locked-in energy storage capacity
through battery energy storage system and hydro pumped storage project. The Company
aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before
2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.
