Sajjan Jindal-promoted JSW Energy on Friday announced it has signed an agreement to acquire O2 Power's green energy platform in a $1.47-billion enterprise value deal. This is JSW Energy's biggest acquisition ever.
In a media statement, JSW Energy said its wholly owned subsidiary JSW Neo Energy will acquire the platform jointly established by EQT Infrastructure & Temasek.
The transaction values the platform at around ₹12,468 crore ($1.47 billion), after adjusting for net current assets, said JSW Energy. Around 2.25 gigawatts (GW) of capacity is to be operational by June 2025.
According to a JSW Energy presentation, there would be a further capital expenditure of ₹13,000-14,000 crore, taking the platform's full capacity to 4.6 GW in the next few years.
This story is from the December 28, 2024 edition of Business Standard.
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This story is from the December 28, 2024 edition of Business Standard.
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