JSW Energy to acquire O2 Power from EQT and Temasek for $1.5bn.

JSW Energy, an Indian power company, agreed to acquire O2 Power, a renewable energy platform, from EQT and Temasek, two investment companies, for $1.5bn. “This transaction marks an exciting new chapter for O2 Power. I want to thank our incredible team, especially the site teams, whose dedication has been critical to our success. We remain committed to providing our team with continuing opportunities for growth as we work to commission incremental capacity and expand our pipeline. We are deeply grateful to EQT and Temasek for their support in establishing O2 Power as a leader in India’s renewable energy sector. With the backing of JSW Neo Energy, we aim to build India’s most impactful renewable energy business, solidifying our position as a market leader while driving the nation’s renewable energy goals,” Parag Sharma, O2 Power CEO.