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JSW Neo to acquire O2 Power; EQT and Temasek to exit
Mint New Delhi
|December 28, 2024
The transaction entails acquisition of O2 Power Midco Holdings and O2 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 O2 Power at an enterprise value of $1.47 billion.
European alternative asset manager EQT and Singapore's Temasek hold 51% and 49%, respectively, in O2 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.
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