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JSW Energy’s arm inks pacts to acquire O2 entities
Dec-27-2024

JSW Energy’s wholly-owned subsidiary -- JSW Neo Energy has signed definitive agreements with O2 Power Pooling Pte., O2 Power SG Pte. and certain individuals to acquire O2 Power Midco Holdings Pte., and O2 Energy SG Pte. and their subsidiaries (O2 Entities) having a consolidated operational and under construction / development renewable energy portfolio of 4.7 GW. 

The transaction is subject to receipt of the necessary regulatory and other customary approvals. Upon consummation of the transaction, the O2 Entities will become subsidiaries of JSW Neo Energy and step-down subsidiaries of the company.

The acquisition would help the company in achieving its renewable-led capacity growth target of 20 GW before FY 2030. The proposed acquisition is expected to be completed on or before May 26, 2025, subject to fulfilment of the conditions under the definitive agreements. The transaction is for an enterprise value of $1.47 billion (around Rs 12,468 crore).

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.


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