JSW Energy targets 10 GW capacity by FY25, acquisitions to fuel growth

Company in advanced talks to acquire Mytrah Energy and Vector Green

The energy arm of the Sajjan-Jindal-led JSW group proposes to ramp up its total capacity to 10 gigawatts (GW) by financial year 2024-25 (FY25) from 4.8 GW now, led by acquisitions. JSW Energy is in advanced talks to acquire Mytrah Energy and Vector Green, both renewable energy companies, which it hopes to close in the current financial year (FY23).

While the company signed an exclusivity pact with the 1.8-GW-Mytrah Energy in May to acquire it for an enterprise value of $2 billion, Vector Green, which has around 700 MW of renewable assets, is also being wooed by other players including