JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has acquired a 4.7 GW renewable energy platform from O2 Power Pooling Pte Limited, a joint venture between global investors EQT and Temasek.
The acquisition is worth Rs 124.68 billion, includes operational and under-construction assets. Of the total capacity, 2,259 MW is expected to become operational by June 2025, generating a steady state earnings before interest taxes depreciation and amoritisation of Rs 15 billion. To reach the full capacity of 4,696 MW by June 2027, JSW Neo plans to invest an additional Rs 135 billion.