Indian billionaire Sajjan Jindal-led JSW Energy said on Friday its JSW Neo Energy unit will acquire renewable energy platform O2 Power's subsidiaries in a deal worth $1.47 billion. The acquisition aligns with JSW Energy's target of achieving 20 GW renewable-led capacity before fiscal 2030 amid a strong government push for higher clean energy capacity.

JSW Energy will acquire the green energy business of O2 Power for Rs 12,468 crore in an all-cash deal, enhancing its portfolio with 4.7 GW of renewabl

India’s JSW Energy has agreed to buy clean energy projects from O2 Power Pooling for about US$1.5 billion in an all-cash deal.

The acquisition would help the company in achieving its renewable-led capacity growth target of 20 gigawatt (GW) before fiscal 2030, the company said in its statement.

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, on Friday signed a definitive agreement to acquire 4.7 gigawatt (GW)from O2 Power for a total enterprise value of Rs 12,468 crore.

JSW Energy’s wholly-owned subsidiary JSW Neo Energy on Friday signed an agreement to acquire a 4,696-megawatt (MW) renewable energy portfolio from O2 Power Pooling, a platform jointly established by EQT Infrastructure and Temasek.

JSW Neo Energy will acquire 4,696 MW renewable energy platform from O2 Power for Rs 12,468 crore. The deal is subject to CCI approval and other customary approvals.