JSW Energy’s arm agrees to acquire a 45 MW wind power project from Reliance Power for a consideration of approximately Rs 132 crore.

JSW Energy’s arm, JSW Neo Energy, has signed a pact with Reliance Power to acquire a 45 MW wind project in Gujarat for Rs 132 crore. The project, located in the state’s Kutch region, has a total installed capacity of 45 MW and is expected to generate 122 million units of electricity annually. The acquisition is part of JSW Neo Energy’s strategy to expand its renewable energy portfolio and reduce its carbon footprint. The project is expected to be operational by the end of 2023, and will help JSW Neo Energy meet its target of adding 1,000 MW of renewable energy capacity by 2025. The deal is subject to regulatory approvals and is expected to be completed by the end of 2022. With this acquisition, JSW Neo Energy’s total renewable energy capacity will increase to over 1,200 MW, making it one of the largest renewable energy companies in the country.