JSW Energy to Acquire O2 Power for $1.47 BillionThis version is concise and to the point, but still conveys the same information as the original line.

JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, will acquire O2 Power Pooling, a 4.6 GW renewable energy platform. The acquisition values the platform at approximately Rs 12,468 crore, after adjusting for net current assets. O2 Power is jointly owned by EQT Infrastructure and Temasek. The transaction is subject to approval from the Competition Commission of India. The acquisition will increase JSW Energy’s locked-in generation capacity by 23% to 24.7 GW. O2 Power has a capacity of 4.6 GW, with 2.2 GW operational, 1.4 GW under construction, and 974 MW in the pipeline, all scheduled for commissioning by June 2027. The platform has a blended average tariff of Rs 3.37/KWh, with a remaining life of 23 years. The acquisition is expected to strengthen JSW Energy’s operational footprint in key resource-rich states. JSW Energy’s Joint Managing Director and CEO, Sharad Mahendra, stated that the acquisition “strengthens our operational footprint across key resource-rich states” and “these high-quality assets will enable us to achieve our ambition of 20 GW capacity by 2030.”