JSW Neo Power Ltd., the inexperienced vitality arm of JSW Power, has accomplished its largest ever acquisition by buying O2 Energy Pooling Pte Ltd’s 4,696 MW renewable vitality platform. The all-equity deal of Rs 12,468 crore sizably will increase JSW’s renewable portfolio and positions it strongly on the trail to attain its goal of 20 GW capability a lot earlier than the 12 months 2030.
The transaction includes utility-scale and business & industrial (C&I) renewable properties, including inexperienced vitality to the pool for JSW Power in photo voltaic, wind, hybrid, and cutting-edge options.
Diversified clear vitality belongings unfold throughout seven states
The acquired O2 Energy platform, established by international funding giants EQT and Temasek, consists of 4,100 MW of utility-scale and 596 MW of C&I renewable vitality tasks. Strategically distributed throughout seven Indian states, with the bulk concentrated in western India, a excessive photo voltaic irradiance and well-connected grid area, these belongings are optimally situated.
Out of the 4.7 GW complete capability, about 3,722 MW is already devoted in energy buy agreements (PPAs) to creditworthy off-takers. One other 974 MW is in line to signal PPAs.
Inexperienced vitality portfolio now contributes over half of complete capability
With this acquisition, the full put in capability of JSW Power will increase to 12,212 MW of which 6,554 MW, or roughly 54 per cent, is renewable energy. The O2 platform provides a diversified bouquet of 1.8 GW photo voltaic, 0.5 GW wind, 1.6 GW hybrid, and 0.9 GW advanced vitality options to the JSW group.
O2 Energy’s 1,343 MW of operational capability is coming in straight away, with one other 2,259 MW coming in June 2025. JSW is hoping to obtain Rs 1,500 crore of steady-state Ebitda contribution from the brand new capability.
Capex of Rs 13,500 crore to unlock full potential by FY27
To fee the entire portfolio of 4,696 MW, JSW Power will make investments Rs 13,500 crore by June 2027. The deal additionally gives connectivity entry for an extra 900 MW, enabling further capability addition sooner or later.
Even because the strategic leap, JSW Power shares fell 1.62 per cent to Rs 482.3 every on the NSE. The inventory has fallen greater than 21 per cent within the final one 12 months and virtually 25 per cent in 2025 YTD, whereas 9 out of 16 analysts protecting the corporate proceed to have a ‘purchase’ ranking.
