JSW Energy Completes Rs 124.68 Bn Acquisition of O2 Power’s 4.7 GW Assets

11 Apr 2025 CW Team

As of FY2025, O2 Power's installed capacity stands at 1,343 MW, increasing JSW Energy’s total installed capacity to 12,212 MW. Out of this, renewable energy accounts for 6,554 MW, approximately 54 per cent of the total. This acquisition marks a major milestone in JSW Energy’s transition towards a cleaner energy portfolio.

The platform is projected to generate a steady-state EBITDA of Rs 15 billion from the 2,259 MW capacity expected to be operational by June 2025. With a further capital expenditure of Rs 135 billion, the company aims to commission the full 4,696 MW by June 2027, which is estimated to yield an annual EBITDA of Rs 37.50 billion.

The acquired assets include 4,100 MW of utility-scale renewable energy projects and 596 MW in the commercial and industrial (C&I) segment. Of the total capacity, 3,722 MW is already tied up under long-term power purchase agreements (PPAs) with financially strong off-takers. An additional 974 MW has received Letters of Award/Intent and is awaiting PPA finalization.

These assets are spread across seven resource-rich states, mainly in western India, and consist of a diversified energy mix — 1.8 GW solar, 0.5 GW wind, 1.6 GW hybrid, and 0.9 GW of firm and dispatchable/round-the-clock (FDRE/RTC) solutions. The platform operates at a blended average tariff of Rs 3.37/kWh.

PWC advised on the transaction, with Khaitan & Co and Herbert Smith handling legal aspects. Financial and tax due diligence was conducted by KPMG, while Wind Guard completed technical evaluations.

News source: CNBC TV18

JSW Energy, through its wholly owned subsidiary JSW Neo Energy, has completed the acquisition of a 4.7 GW renewable energy platform from O2 Power Pooling for an enterprise value of approximately Rs 124.68 billion. O2 Power, founded in 2020 by global investors EQT and Temasek, has contributed significantly to the renewable sector in India. As of FY2025, O2 Power's installed capacity stands at 1,343 MW, increasing JSW Energy’s total installed capacity to 12,212 MW. Out of this, renewable energy accounts for 6,554 MW, approximately 54 per cent of the total. This acquisition marks a major milestone in JSW Energy’s transition towards a cleaner energy portfolio. The platform is projected to generate a steady-state EBITDA of Rs 15 billion from the 2,259 MW capacity expected to be operational by June 2025. With a further capital expenditure of Rs 135 billion, the company aims to commission the full 4,696 MW by June 2027, which is estimated to yield an annual EBITDA of Rs 37.50 billion. The acquired assets include 4,100 MW of utility-scale renewable energy projects and 596 MW in the commercial and industrial (C&I) segment. Of the total capacity, 3,722 MW is already tied up under long-term power purchase agreements (PPAs) with financially strong off-takers. An additional 974 MW has received Letters of Award/Intent and is awaiting PPA finalization. These assets are spread across seven resource-rich states, mainly in western India, and consist of a diversified energy mix — 1.8 GW solar, 0.5 GW wind, 1.6 GW hybrid, and 0.9 GW of firm and dispatchable/round-the-clock (FDRE/RTC) solutions. The platform operates at a blended average tariff of Rs 3.37/kWh. PWC advised on the transaction, with Khaitan & Co and Herbert Smith handling legal aspects. Financial and tax due diligence was conducted by KPMG, while Wind Guard completed technical evaluations. News source: CNBC TV18

Infrastructure Transport

03 Jul 2025

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025�..

Infrastructure Transport

03 Jul 2025

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Infrastructure Transport

03 Jul 2025

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

JSW Energy Completes Rs 124.68 Bn Acquisition of O2 Power’s 4.7 GW Assets

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

Latest Updates

Advertisement

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address