JSW Energy assumes control of a 4.7 GW renewable energy portfolio – MSN

JSW Energy, an Indian power company, has taken over a 4.7 gigawatt (GW) renewable energy platform. The takeover is a significant move for JSW Energy, which aims to expand its clean energy portfolio and reduce its dependence on fossil fuels. The 4.7 GW platform comprises solar and wind power projects located across India, and the takeover is expected to boost JSW Energy’s installed capacity by a substantial 33%. The acquired platform includes operating and under-construction projects, which will enhance JSW Energy’s presence in the renewable energy sector. This move is part of the company’s strategy to achieve a low-carbon future and contribute to India’s climate change mitigation goals. With the takeover, JSW Energy expects to benefit from the synergies and economies of scale offered by the combined business, leading to improved operational efficiency and reduced costs. The development is seen as a positive step for the Indian renewable energy sector, which has been growing rapidly in recent years.