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This acquisition, which is expected to be completed by May 26, will significantly boost JSW Energy's renewable energy capacity and help it achieve its target of 20 GW capacity by 2030.
The acquisition is JSW Energy's largest since its inception and positions the company as a leading player in India's energy sector.
The acquisition is subject to approval by the Competition Commission of India (CCI) and other customary regulatory clearances. The O2 Power platform boasts a majority of its capacity tied up under long-term power purchase agreements (PPAs) with high-credit-rated off-takers.
O2 Power Pooling is a renewable energy platform jointly established by EQT Infrastructure and Temasek, a Singaporean sovereign wealth fund.
The O2 Power platform includes 2,259 MW of operational capacity, 1,463 MW under construction, and 974 MW in the pipeline, all scheduled to be commissioned by June 2027. This acquisition will increase JSW Energy's locked-in generation capacity by 23%, from 20,012 MW to 24,708 MW.
It's a major step for JSW Energy in expanding its renewable energy portfolio and strengthening its position in India's energy sector.
The O2 Power platform is spread across seven resource-rich states in India, and the acquisition will increase JSW Energy's locked-in generation capacity by 23%, from 20,012 MW to 24,708 MW.
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