JSW Energy expands its renewable energy portfolio with the acquisition of 4.7 GW units from its arm.

JSW Neo Energy has signed agreements to acquire O2 Power’s renewable energy portfolio, comprising 4.7 GW of operational and under-construction capacity, for an enterprise value of $1.47 billion (Rs 12,468 crore). The deal is subject to regulatory approvals, including from the Competition Commission of India. The acquisition will make O2 Power subsidiaries of JSW Energy and help the company achieve its target of 20 GW capacity by FY2030. The deal strengthens JSW Energy’s positioning in the energy sector and increases its operational footprint across key resource-rich states in India. The acquisition is expected to be completed by May 2025, subject to fulfillment of conditions. JSW Energy’s Chief Executive Officer, Sharad Mahendra, welcomed the acquisition, saying it will deliver exceptional value to stakeholders. The company’s Chief Financial Officer, Pritesh Vinay, described it as a value-accretive opportunity that supports its growth ambitions.