JSW Energy secures a 4,696-megawatt renewable energy platform from O2 Power for a transformative deal valued at Rs 12,468 crore.

JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, has agreed to acquire a 4,696 MW renewable energy platform from O2 Power Pooling Pte. Ltd. for approximately Rs 12,468 crores (USD 1.47 billion). The platform includes 2,259 MW of operational capacity, 1,463 MW under construction, and 974 MW in the pipeline. The acquisition will boost JSW Energy’s renewable energy capacity and increase its total locked-in generation capacity by 23% to 24,708 MW. The transaction is subject to approval by the Competition Commission of India and other customary approvals. The acquired platform has a blended average tariff of Rs 3.37 per unit and a remaining life of approximately 23 years. The acquisition is expected to be operationally integrated by June 2027. JSW Energy’s Joint Managing Director and CEO Sharad Mahendra expressed his excitement about the deal, stating that it strengthens the company’s position in the energy sector. The acquisition is expected to be value accretive to shareholders and support the company’s growth ambitions.