Indian billionaire Sajjan Jindal-led JSW Energy said on Friday its JSW Neo Energy unit will acquire renewable energy platform O2 Power's subsidiaries in a deal worth $1.47 billion. The acquisition aligns with JSW Energy's target of achieving 20 GW renewable-led capacity before fiscal 2030 amid a strong government push for higher clean energy capacity.

JSW Neo Energy Limited, the renewable energy arm of JSW Energy Ltd will acquire O2 Power Pooling Pte Ltd, a 4,696 MW renewable energy platform, for an enterpr

JSW Energy said the latest acquisition will increase the company's locked-in generation capacity to 24,708 MW, from the current 20,012 MW

The acquisition would help the company in achieving its renewable-led capacity growth target of 20 gigawatt (GW) before fiscal 2030, the company said in its statement.

India’s renewable energy sector is advancing rapidly, with a major development involving JSW Energy acquiring O2 Power, a leading renewable energy company. JSW Limited finalized this deal for approximately ₹12,

JSW Energy will acquire the green energy business of O2 Power for Rs 12,468 crore in an all-cash deal, enhancing its portfolio with 4.7 GW of renewabl

India’s JSW Energy has agreed to buy clean energy projects from O2 Power Pooling for about US$1.5 billion in an all-cash deal.

European alternative asset manager EQT and Singapore’s Temasek hold 51% and 49%, respectively, in O2 Power that has a capacity of 4.7GW renewable energy. They both will exit the company, founded by former ReNew Power executives Parag Sharma,

Sajjan Jindal-promoted JSW Energy on Friday announced an all-cash deal to acquire the green energy business of O2 Power, backed by Swedish private equity firm EQT and Singapore’s state investment arm Temasek,