JSW acquires Mytrah’s green power for Rs 11,000 crore

MUMBAI: JSW Energy will acquire the renewable portfolio of Mytrah Energy for Rs 10,531 crore in what will be its biggest M&A ever. The deal leapfrogs JSW’s power generation capacity by more than 35% to 6. 5 gigawatts (GW) and pushes it towards net zero emissions.

Mytrah’s renewable portfolio, comprising more than eight wind farms and three solar units in the country, had a revenue of Rs 1,467 crore in fiscal 2022. It is the latest acquisition of low-carbon generation by a large electricity producer as companies attempt to reduce planetwarming fossil fuels. Last year, Adani Green Energy bought SoftBank’s renewable portfolio for $3. 5 billion.