JSW Neo Energy to Acquire O2 Power for ₹12,468 Crore, Expanding Renewable Portfolio

JSW Neo Energy, a subsidiary of JSW Energy, has signed a definitive agreement to acquire O2 Power’s 4.7 GW renewable energy platform for ₹12,468 crore ($1.47 billion). This acquisition will increase JSW's generation capacity by 23%, from 20.02 GW to 24.71 GW. O2 Power’s portfolio includes operational, under-construction, and pipeline projects across seven states, with full commissioning expected by June 2027. The deal is subject to approval from the Competition Commission of India (CCI) and other regulatory clearances.

Source: Financial Express, Mercom India, PV Magazine India

Image Source: Fortune India