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JSW Neo to acquire O2 Power; EQT and Temasek to exit
Mint Chennai
|December 28, 2024
The transaction entails acquisition of O2 Power Midco Holdings and O2 Energy SG, and is subject to customary nods
JSW 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.
This story is from the December 28, 2024 edition of Mint Chennai.
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