JSW Neo Energy will acquire O2 Power for an enterprise value of Rs12,468 crore ($1.47 billion).
Image source: Freepik
O2 Power is a 4,696 MW renewable energy platform backed by EQT Infrastructure and Singapore’s Temasek.
Image source: commons.wikimedia.org
O2 Power’s capacity includes 2,259 MW operational by June 2025 and 1,463 MW under construction.
Image source: commons.wikimedia.org
An additional 974 MW capacity is in the pipeline, set to commission by June 2027.
Image source: Freepik
Power is sold at an average tariff of Rs3.37 per KWh, with plants having a remaining life of 23 years.
Image source: Freepik
Capacities are located across seven resource-rich states in India, ensuring assured power offtake.
Image source: Freepik
The acquisition increases JSW Energy’s total capacity by 23% to 24,708 MW.
Image source: Freepik
This 4.7 GW acquisition marks JSW Energy’s largest deal since its inception.
Image source: Freepik
"This makes JSW one of India’s leading players in the energy sector," said Sharad Mahendra, CEO.
Image source: commons.wikimedia.org
The transaction is subject to regulatory and customary approvals before finalization.
Image source: Freepik
Stay tuned as JSW Neo Energy reshapes the renewable energy landscape with this groundbreaking acquisition.
Image source: Freepik
We appreciate you reading!
To explore more, check out the full article using the links below:
Image source: commons.wikimedia.org