JSW Energy Surges as Private Equity Giants Eye Stake in JSW Neo Energy

11 Sep 2023 , 01:17 PM

JSW Energy’s shares surged 4 % in morning trade on September 11. Reports indicate that private equity firms TPG, Tokyo Electric Power Company (Tepco), and Brookfield are in advanced discussions to acquire a stake in JSW Neo Energy, a subsidiary of JSW Energy.

JSW Group aims to raise up to $500 million through this stake sale to fuel expansion in the renewable energy sector. JSW Neo Energy will serve as the hub for the group’s upcoming green power projects and streamline its renewables portfolio.

Global investors like TPG, Tepco, and Brookfield’s interest highlights India’s appeal in the renewable energy sector. JSW Neo Energy recently acquired 1.75 GW of renewable energy generation capacity from Mytrah Energy for Rs 10,530 crore.

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