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October 13, 2020updated 16 Nov 2021 11:08am

India’s JSW Energy plans $1.2bn investment in two wind projects

Indian power generation company JSW Energy reportedly plans to make a $1.2bn (INR88.6bn) investment in two wind power plants in the state of Karnataka.

Indian power generation company JSW Energy reportedly plans to make a $1.2bn (INR88.6bn) investment in two wind power plants in the state of Karnataka. 

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LiveMint reported that the company has sought planning consent for 3,150 acres of land for establishing the projects. 

According to the Karnataka Commerce and Industries Department, the two wind farms will have a combined capacity of nearly 1.4GW. 

The first wind facility will use investment of $531m (INR88.6bn) across a 1,350-acre land area across Ballari and Davangere. This site will have 600MW of energy capacity. 

JSW’s second wind facility will use investment of $668m (INR49bn) to develop 800MW of capacity on 1,800 acres in Ballari, Dharwad, Gadag, and Davangere.

Over the last two months, the state government has approved investments of up to $2.9bn (INR216.11bn), according to the department. 

The investments will form part of the state’s plan to lower reliance on conventional sources to generate power.

Last month, JSW Energy’s subsidiary JSW Solar secured contracts for 810MW of blended wind energy projects. 

The company received the contracts in an auction conducted by the state-owned Solar Energy Corporation of India. The company floated the tender in June this year.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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