JSW Neo Energy Completes Acquisition of 4.7 GW Renewable Energy Platform from O2 Power
In a landmark deal that reinforces India’s commitment to scaling up its green energy ambitions, JSW Neo Energy, a subsidiary of JSW Energy, has successfully completed the acquisition of O2 Power, a 4.7 GW renewable energy platform.
O2 Power, backed by global investment giants EQT and Temasek, brings a diversified and high-quality portfolio of solar, wind, and hybrid renewable assets across India. With this acquisition, JSW Neo Energy significantly enhances its green energy capacity and accelerates its target of achieving 20 GW generation capacity by 2030, primarily from renewable sources.
This strategic move strengthens JSW Neo Energy’s presence in the Indian renewable sector, positioning it among the top players in the industry. The acquisition includes both operational assets and under-development projects, giving JSW an edge in rapid scaling and integration.
Key Highlights of the Acquisition:
Capacity Added: 4.7 GW (combination of solar, wind, and hybrid assets)
Geographical Spread: Pan-India presence with operational and pipeline projects
Strategic Value: Accelerates JSW’s clean energy roadmap and supports India’s 500 GW non-fossil fuel target by 2030
Speaking on the milestone, Prashant Jain, Joint MD and CEO of JSW Energy, said,
“This acquisition aligns with our strategic blueprint to become a leading energy transition player. We remain committed to powering India’s growth sustainably.”
For the Indian renewable energy ecosystem, this acquisition marks another example of robust consolidation and investor confidence, especially in large-scale utility platforms.
About JSW Neo Energy
A wholly owned subsidiary of JSW Energy, JSW Neo Energy focuses exclusively on renewable and emerging green technologies. The company is playing a pivotal role in India’s journey toward a cleaner, greener future.
