Bosch to Procure Power from JSW Neo Energy’s 12.66 MW Captive solar project in Maharashtra
Bosch, a subsidiary of Germany’s Bosch Group, will procure power from JSW Neo Energy’s 12.66 MW group captive solar project in Maharashtra by investing up to INR 40.5 million, in one or more tranches.
September 26, 2025. By Mrinmoy Dey
Bosch’s Board has approved an investment not exceeding INR 40.50 million in Special Purpose Vehicle JSW Renew C&l One by way of subscribing to equity share capital, in one or more tranches. It will pick up 26 percent equity stake, corresponding to the contracted capacity, through the purchase of over 4 million shares. The transaction is expected to close by January 31, 2026, the company stated in a regulatory filing.
JSW Neo Energy, a subsidiary of JSW Energy, focuses on renewable energy projects and reported revenues of INR 1,399 crore in FY 2024, with a consolidated turnover of INR 10,517 crore.
The deal aligns with Bosch’s global renewable energy roadmap. The company aims to generate 400 GWh from renewables by 2030, having already achieved 197 GWh (49 percent of target) in 2024. Its solar footprint includes installations across 139 sites worldwide, with projects in Slovakia (811 kW), Spain (750 kW), and Japan (1 MW). Bosch also covered 99.5 percent of its electricity demand with green power in 2024, supported by long-term PPAs and 374 GWh of green electricity purchases.
Globally, Bosch’s in-house renewable generation is led by China (31 percent), followed by Germany (25 percent) and India (18 percent). The company has been carbon-neutral across 450 locations since 2020, achieved through energy efficiency programs, renewable energy deployment, green electricity procurement, and selective carbon offsets.
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