Acquisitions11 Jan 2025, 01:45 am
JSW Energy Completes Acquisition of 125 MW RE Assets from Hetero Group
AI Summary
JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs Limited and Hetero Drugs Limited. The portfolio comprises of wind projects located in Andhra Pradesh and Maharashtra with long-term power purchase agreements. The blended tariff of the portfolio is ₹ 5.22/KWh and the average remaining plant life is approximately 15 years. The total locked-in capacity of the company stands at 24.7 GW. The transaction values the Hetero portfolio at an Enterprise Valuation of approximately ₹ 630 Crores, excluding net current assets and other adjustments under SPAs.
Key Highlights
- JSW Neo Energy Limited has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs Limited and Hetero Drugs Limited.
- The portfolio comprises of wind projects located in Andhra Pradesh and Maharashtra with long-term power purchase agreements.
- The blended tariff of the portfolio is ₹ 5.22/KWh and the average remaining plant life is approximately 15 years.
- The total locked-in capacity of the company stands at 24.7 GW.
- The transaction values the Hetero portfolio at an Enterprise Valuation of approximately ₹ 630 Crores, excluding net current assets and other adjustments under SPAs.