JSW Energy signs deal to acquire 1.75 GW renewable portfolio in India from Mytrah Energy

JSW Neo Energy, a unit of JSW Energy, has entered into an agreement with Mytrah Energy India Pvt. Ltd., a subsidiary of Mytrah Energy, to acquire a renewable energy portfolio with a combined capacity of 1,753 MW for a total of INR105.3 billion (US$1.33 billion). 

The portfolio consists of a 1,331 MW wind power capacity from 10 special purpose vehicles (SPVs) and 422 MW solar power generation from 7 Solar SPVs. The projects are spread across southern, western, and central parts of India and have secured long-term power purchase agreements (PPAs) with an average remaining life of 18 years. 

The deal is subject to approval by the Competition Commission of India.