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CCI approves JSW Neo Energy’s acquisition of 4,696 MW RE assets from O2 Power

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The Competition Commission of India (CCI) has approved JSW Neo Energy Private Limited’s acquisition of 4,696 MW renewable energy projects from O2 Power Private Limited. JSW Neo Energy is a wholly owned subsidiary of JSW Energy Limited (JSWEL). Under the deal, JSWEL will acquire the renewable energy platform of O2 Power Pooling Pte. Limited, including O2 Power Midco Holdings Pte. Limited and O2 Energy SG Pte. Limited, for an enterprise value of Rs 124.68 billion…

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JSW Neo Energy acquires Virya Infrapower for Rs 75.4 million

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JSW Neo Energy Limited has completed the acquisition of a 100 per cent equity stake in Virya Infrapower Private Limited for an enterprise value of Rs 75.4 million.  The transaction, finalized on the same day as the signing of the share purchase agreement (SPA), was executed through a 100 per cent cash consideration, subject to post-closing adjustments. With this acquisition, JSW Neo Energy gains access to a ready renewable power site with the necessary infrastructure…

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Vikram Solar secures 1,000 MW solar module order for JSW Energy projects

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Vikram Solar has received a 1,000 MW order to supply solar photovoltaic modules for renewable energy projects in Karnataka, Gujarat, and Rajasthan under JSW Neo Energy Limited’s renewable energy initiative. The order includes Hypersol N-Type TOPCon Glass-to-Glass Modules with power outputs of 580 Wp or higher, designed for high efficiency and large-scale solar installations. Manufacturing will take place at Vikram Solar’s facilities in Falta, West Bengal, and Oragadam, Chennai, following strict production standards.

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JSW Neo Energy to acquire 4,696 MW renewable platform from O2 Power

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JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition Commission of India (CCI) and other regulatory clearances.  The renewable energy portfolio includes 2,259 MW operational by June 2025, 1,463…

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JSW Neo Energy acquires 125 MW wind assets from Hetero Group

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JSW Neo Energy Limited (JSWNEL), a subsidiary of JSW Energy Limited, has acquired three special purpose vehicles (SPVs)—Hetero Wind Power Limited, Hetero Wind Power (Pennar) Private Limited, and Hetero Med Solutions Limited—from Hetero Labs Limited and Hetero Drugs Limited.  These SPVs have a combined wind energy capacity of 125 MW. This acquisition aligns with JSW Neo Energy’s strategy to expand its renewable portfolio and supports its goal of achieving 10 GW of installed capacity by…

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JSW, Tata Power, Avaada, Juniper win MSEDCL’s 1,650 MW wind-solar auction

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Maharashtra State Electricity Distribution Company (MSEDCL) has selected JSW Neo Energy, Tata Power Renewable Energy Limited (TPREL), Avaada Energy, and Juniper Green Energy as the winners of its 1,650 MW wind-solar hybrid auction. These companies will supply power on a long-term basis from grid-connected intrastate projects. JSW Neo secured 600 MW, including 400 MW under the greenshoe option, while Tata Power won 400 MW, with 200 MW under the greenshoe option. Avaada Energy was awarded…