Private equity firms TPG, Tepco, Brookfield in talks for JSW Neo stake
Private equity firms TPG, Brookfield and Tokyo Electric Power Company (Tepco) are discussing buying a minority stake in JSW Neo Energy, The Economic Times (ET) reported today. JSW Group hopes to raise up to $500 million from the stake sale, which the company is looking to use for further expansion in renewable energy.
Sources were quoted as saying that JSW Neo Energy may sign a deal with two of these funds in the coming weeks. JSW Neo Energy will also take the lead in the parent firm’s upcoming renewable projects to produce green hydrogen.
