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EQT, Temasek exit as JSW Neo buys O2 Power for ₹12,468 cr
Mint Mumbai
|April 10, 2025
JSW Neo Energy Ltd, a wholly-owned subsidiary of JSW Energy Ltd, has completed the acquisition of renewable energy platform O2 Power for an enterprise value of around ₹12,468 crore.
European alternative asset manager EQT and Singapore's Temasek held 51% and 49%, respectively, in O2 Power that has an overall capacity of 4.7 GW renewable energy, including projects in pipeline. With the completion of this transaction, both the global investments majors have exited the company, founded by former ReNew Power executives Parag Sharma, Peeyush Mohit, and Rakesh Garg.
The platform was jointly established by EQT and Temasek in 2020.
In September,
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