SUBSCRIBE
PROFILE

India sees JSW Energy acquire 125 MW of wind assets for 76 million USD

JSW Neo Energy, a subsidiary of JSW Energy, finalizes the purchase of a 125 MW wind portfolio in India, valued at 76 million USD, strengthening its strategic position in renewable energy.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, recently finalized the acquisition of a 125-megawatt (MW) portfolio of wind assets owned by the Hetero Group. The installations are located in the Indian states of Andhra Pradesh and Maharashtra and are managed under three special purpose vehicles.

The projects benefit from long-term power purchase agreements with an average tariff of 5.22 INR per kilowatt-hour (kWh). The remaining operational life of the plants is estimated at approximately 15 years, ensuring stable and predictable revenues for JSW Neo Energy.

Strengthening renewable capacities

With this acquisition, JSW Neo Energy increases its total capacity to 24.7 gigawatts (GW). This diversification strategy positions the company as a key player in India’s energy transition, aligning with governmental carbon reduction goals.

Financial details and implications

The acquired portfolio was valued at approximately 76 million USD, excluding adjustments related to net current assets. This valuation reflects the quality of the assets and the stability of expected revenues, further strengthening the economic viability of the project for JSW Neo Energy.

This strategic move marks another step for JSW Energy in its ambition to increase investments in renewable energy and reduce its dependence on fossil fuels.

  • Popular on energynews.pro
BB Energy restructures Houston operations and cuts oil trading staff
Solar output overtakes natural gas in California during peak daytime hours
Engie secures 280 MW battery storage contract in India for 2027
Woodside and East Timor target LNG production from Sunrise by 2032
India’s Russian oil imports to drop sharply from December
Iberdrola sells 757 MW of French onshore assets to Technique Solaire
The Spanish group continues its asset rotation strategy by transferring its French onshore wind and solar portfolio to Technique Solaire, reinforcing its focus on offshore and regulated networks.
Eurus Energy targets 2029 for restart of Soya Misaki wind farm in Japan
Japanese group Eurus Energy has completed the environmental assessment for its 60.2MW repowering project in Wakkanai, with commissioning targeted for April 2029.
BayWa r.e. receives DNV certification for its concrete floating wind concept
BayWa r.e. has reached a strategic milestone with the concept certification of its BayFloat floating substructure, validated by DNV according to current floating offshore wind standards.
ORE Catapult tests Danish technology to extend offshore wind blade lifespan
A full-scale testing programme will begin in January to assess a blade reinforcement technology developed by Bladena, as ageing offshore wind fleets raise durability challenges.
Longyuan SA trains 110 South African technicians on De Aar wind project
Africa's first wind project led by a Chinese company, the De Aar plant generates 770 million kWh annually and focuses on developing local talent.
SPIE secures full cabling contract for Dogger Bank offshore wind farm
SPIE Wind Connect has been selected by DEME Offshore to carry out all connection and high-voltage cable testing work for the 3.6 GW Dogger Bank offshore wind project off the UK coast.
Nordex signs 21 MW deal with BMR for German wind farm
German group Nordex will supply three turbines to developer BMR for a 21 MW project in North Rhine-Westphalia, bringing BMR's total orders to nearly 110 MW in 2025.
Q ENERGY invests in two wind projects in Cuxac-Cabardès to double capacity
Q ENERGY is simultaneously conducting the repowering and extension of its wind farm in Aude, with commissioning scheduled for late 2026 and a production goal equivalent to the consumption of 45,000 people.
Cordelio Power starts operations at 135 MW wind farm in Arkansas with Microsoft
Cordelio Power has launched commercial operations of the Crossover wind farm in Arkansas, securing a 20-year power purchase agreement with Microsoft and closing $811mn in financing from North American banks.
VSB France launches 13.8 MW wind farm at 1,420 metres altitude
VSB France has commissioned the Eoliennes de Fadoumal wind farm in Lozère, a 13.8 MW facility located in a forested high-altitude area and equipped with a patented avifauna detection system.
Proparco strengthens Kipeto wind farm equity alongside Meridiam
Proparco has invested in the 100 MW Kipeto wind farm in Kenya, reinforcing France’s financial involvement in East Africa’s energy sector, without disclosing the amount of the transaction.
Terra-Gen commissions 238.5 MW wind farm in Texas
The Monte Cristo I project strengthens Terra-Gen’s presence in Texas with a total capacity of 273 MW and economic returns exceeding $100mn for local communities.
UK relaunches offshore wind with AR7 tender and 5.5 GW at stake
The UK is betting on a new contracts-for-difference model to secure up to 5.5 GW of offshore wind, despite a reduced budget and unprecedented competitive pressure.
CWP Energy and KfW IPEX-Bank secure £400mn financing for Sanquhar II wind farm
CWP Energy and KfW IPEX-Bank have finalised a £400mn ($494mn) financing agreement for the Sanquhar II onshore wind farm, marking a strategic milestone in UK energy investments.
Nordex signs 42 MW contract with SSE for two wind farms in Spain
Nordex Group will deliver seven turbines for two wind farms commissioned by SSE in Aragón, strengthening their partnership and reinforcing the industrial supply chain in Spain.
DenkerWulf commissions Nordex to install 25 wind turbines for 123 MW in Germany
German manufacturer Nordex has signed three orders with DenkerWulf for 25 onshore wind turbines, with a total capacity of 122.7 MW to be installed between 2027 and 2028 in northern Germany.
RWE strengthens its portfolio in France with 21.6 MW of secured wind projects
RWE won two projects totalling 21.6 MW in the latest onshore wind tender by the CRE, strengthening its presence in Oise and Morbihan and consolidating its investments in France.
Cadeler secures two offshore contracts worth €500mn in wind energy
Danish group Cadeler has signed two contracts for the transport and installation of offshore wind turbine foundations and units worth a combined €500mn, subject to a final investment decision by the client.
Shell exits MarramWind and CampionWind, prioritising high-return investments
Shell withdraws from two floating wind projects in Scotland, reinforcing capital discipline in favour of faster-return activities. ScottishPower takes over MarramWind while CampionWind is returned to Crown Estate Scotland for reallocation.
J-POWER acquires MHI’s onshore wind operations in Japan, closing expected by April 2026
J-POWER will take over Mitsubishi Heavy Industries’ domestic onshore wind maintenance operations under a deal set to strengthen its local market position by spring 2026.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.