Deals23 Mar 2024, 01:06 am
JSW Energy Ltd Announces Acquisition of 45 MW Vashpet Wind Project from Reliance Power Limited
AI Summary
JSW Renewable Energy (Coated) Limited, a wholly-owned subsidiary of JSW Neo Energy Limited and a step down subsidiary of JSW Energy Ltd, has signed a Business Transfer Agreement with Reliance Power Limited for the purchase of the 45 MW Vashpet Wind Project as a going concern on a slump sale basis. The transaction is subject to necessary regulatory approvals.
Key Highlights
- JSW Renewable Energy (Coated) Limited acquires 45 MW Vashpet Wind Project from Reliance Power Limited
- The transaction is a going concern on a slump sale basis
- Approvals are pending for the acquisition
- The acquisition aligns with JSW Energy Ltd's target of 20 GW capacity before FY 2030 and its goal of becoming carbon neutral by FY 2050