JSW Energy to purchase renewable assets from Mytrah Energy

JSW Neo Energy, a wholly owned subsidiary of JSW Energy will acquire a portfolio of 1,753 MW of renewable energy generation capacity from Mytrah Energy (India) Private Limited for Rs 10,530 crore, the company said today. The Mytrah Portfolio consists of 10 wind SPVs and seven solar SPVs with generation capacities of 1,331 MW and 422 MW (487 MWp DC) respectively, operating primarily in the southern, western and central parts of India. The assets have a proven operational track record and long-term PPA with an average remaining life of 18 years. With about 2,500 MW of under-construction wind and hydro projects, to be commissioned in phases over the next 18-24 months, JSW Energy's platform capacity will enhance to 9.1 GW. Also read: Rays Power Infra announces completion of 150 MW grid-connected solar Lok Sabha passes bill to promote use of non-fossil fuels