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JSW Neo to acquire 02 Power; EQT and Temasek to exit
December 28, 2024
|Mint Mumbai
The transaction entails acquisition of 02 Power Midco Holdings and 02 Energy SG, and is subject to customary nods
SW Neo Energy, a wholly-owned arm of JSW Energy Ltd, is set to acquire renewable energy platform 02 Power at an enterprise value of $1.47 billion.
European alternative asset manager EQT and Singapore's Temasek hold 51% and 49%, respectively, in 02 Power that has a capacity of 4.7 GW renewable energy. They both will exit the company, founded by former ReNew Power executives Parag Sharma, Peeyush Mohit, and Rakesh Garg, after the transaction.
هذه القصة من طبعة December 28, 2024 من Mint Mumbai.
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