popular articles

India completes the sale of O2 Power to JSW Neo Energy for USD 1.5 billion

EQT and Temasek sell 100% of O2 Power to JSW Neo Energy for USD 1.5 billion, boosting renewable energy development in a key market.

Please share:

Founded in 2020 by EQT Infrastructure IV (EQT) and Temasek, O2 Power is a key player in India’s renewable energy sector. It was structured to meet the country’s growing energy ambitions while adhering to high standards of governance and operational performance.

A strategic transaction for the Indian market

The sale of O2 Power to JSW Neo Energy for USD 1.5 billion marks a decisive moment in India’s energy transition. In just four years, O2 Power secured a total capacity of 4.7 gigawatts, with 2.3 gigawatts expected to become operational by June 2025.

This transaction aligns with India’s goal of achieving 500 gigawatts of installed renewable energy capacity by 2030. The country is positioning itself as one of the most dynamic global markets, driven by ambitious public initiatives and increased private sector support.

A sector in rapid diversification

Under its founders’ leadership, O2 Power diversified its operations, integrating hybrid solutions and battery energy storage technologies. This positioning allowed it to meet the needs of both public and private sectors, enhancing its resilience to economic and health challenges.

The acquisition by JSW Neo Energy highlights the growing interest in renewable assets within a global context of energy transition. By securing this asset, JSW Neo Energy aims to strengthen its role in the sector while contributing to India’s strategic objectives.

Economic and political impact

This acquisition also demonstrates the increasingly strategic role of private players in achieving India’s climate goals. Public-private partnerships are essential for attracting foreign capital and accelerating the deployment of necessary infrastructure.

With the support of financial advisors like Barclays and legal firms such as A&O Shearman, the transaction reflects an attractive regulatory framework and an economic momentum favorable to energy sector investment.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The Delilah I Solar park, developed by Invenergy in Texas, has reached full operational capacity. With a production of 300 MW, it will supply electricity to Honda and Tesla through power purchase agreements, strengthening the local grid’s energy supply.
Tesla has signed a long-term power purchase agreement (PPA) with Zelestra, ensuring the supply of 130 GWh of solar energy per year. Three photovoltaic plants in Spain will provide this capacity, reinforcing the company's energy strategy.
Tesla has signed a long-term power purchase agreement (PPA) with Zelestra, ensuring the supply of 130 GWh of solar energy per year. Three photovoltaic plants in Spain will provide this capacity, reinforcing the company's energy strategy.
Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.
Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.
Enbridge, a major player in natural gas transportation and distribution, announces an increase in its adjusted EBITDA. Driven by targeted acquisitions and steady expansion, these financial indicators illustrate the group’s solidity for the coming year.
Enbridge, a major player in natural gas transportation and distribution, announces an increase in its adjusted EBITDA. Driven by targeted acquisitions and steady expansion, these financial indicators illustrate the group’s solidity for the coming year.
The government's decision to refocus support on 100 to 500 kWc photovoltaic installations is drawing strong reactions from industry players. Trade unions and federations denounce a sudden challenge to the economic model of rooftop and canopy installations.
The federal government is investing over $2.3 million to enhance the energy efficiency of the Maritime Sikh Society in Halifax. This project includes the installation of solar panels and technical renovations aimed at optimizing the building's energy consumption.
The federal government is investing over $2.3 million to enhance the energy efficiency of the Maritime Sikh Society in Halifax. This project includes the installation of solar panels and technical renovations aimed at optimizing the building's energy consumption.
LONGi Green Energy Technology and Energy 3000 Solar GmbH have signed a new agreement for the supply of 100 MW of Hi-MO X10 solar modules. This collaboration marks a key step in the distribution of high-performance photovoltaic solutions in the European market.
LONGi Green Energy Technology and Energy 3000 Solar GmbH have signed a new agreement for the supply of 100 MW of Hi-MO X10 solar modules. This collaboration marks a key step in the distribution of high-performance photovoltaic solutions in the European market.
Louth Callan Renewables has completed the construction of its 30 MW solar project in Leeds, Maine. This project represents a significant investment in the energy transition while strengthening the renewable energy production capacity in the region.
Louth Callan Renewables has completed the construction of its 30 MW solar project in Leeds, Maine. This project represents a significant investment in the energy transition while strengthening the renewable energy production capacity in the region.
Kalina Power and Crusoe Energy Systems have signed a strategic agreement to develop data centers in Alberta, utilizing excess energy resources and promoting a more sustainable approach for the technology sector.
EDP Renewables North America has delivered three new large-scale solar projects totaling 400 MW, with 389 MW contracted by Microsoft through long-term agreements. These projects in Illinois and Texas will strengthen the company’s energy supply.
EDP Renewables North America has delivered three new large-scale solar projects totaling 400 MW, with 389 MW contracted by Microsoft through long-term agreements. These projects in Illinois and Texas will strengthen the company’s energy supply.
The Show Me State Solar project, developed by DESRI and Ranger Power, has closed its financing and started construction in Callaway County, Missouri. With a capacity of 250 MWac, it will enter commercial operation in 2026, backed by a power purchase agreement with Meta.
The Show Me State Solar project, developed by DESRI and Ranger Power, has closed its financing and started construction in Callaway County, Missouri. With a capacity of 250 MWac, it will enter commercial operation in 2026, backed by a power purchase agreement with Meta.
New Zealand Energy Corp. (NZEC) confirms significant progress on the Tariki field, aiming to transform the site into a gas storage facility. The project, in response to market tensions in New Zealand, plans to begin injection in Q4 2025.
New Zealand Energy Corp. (NZEC) confirms significant progress on the Tariki field, aiming to transform the site into a gas storage facility. The project, in response to market tensions in New Zealand, plans to begin injection in Q4 2025.
SolarBank Corporation announces a major milestone in the development of two community solar projects on industrial brownfield sites in Skaneateles, New York. These installations, with a total capacity of 14.4 MW, have received a key technical validation and aim to power approximately 2,100 homes.
RWE has inaugurated the Schönau photovoltaic plant in Saxony. With 36,000 solar modules, the facility generates 21 million kilowatt-hours per year, equivalent to the consumption of 6,700 households. A redistribution mechanism will benefit the municipality of Wildenfels.
RWE has inaugurated the Schönau photovoltaic plant in Saxony. With 36,000 solar modules, the facility generates 21 million kilowatt-hours per year, equivalent to the consumption of 6,700 households. A redistribution mechanism will benefit the municipality of Wildenfels.
Swiss company Synhelion plans to invest $1 billion in a synthetic fuel production plant in Morocco. This project relies on an innovative solar technology and aims for an annual output of 100,000 tons, with financing combining equity and bank loans.
Swiss company Synhelion plans to invest $1 billion in a synthetic fuel production plant in Morocco. This project relies on an innovative solar technology and aims for an annual output of 100,000 tons, with financing combining equity and bank loans.
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
The International Energy Agency (IEA) is preparing to launch a global observatory in April to measure the energy footprint of data centers. This initiative aims to centralize reliable data as electricity consumption linked to artificial intelligence (AI) continues to grow rapidly.
The International Energy Agency (IEA) is preparing to launch a global observatory in April to measure the energy footprint of data centers. This initiative aims to centralize reliable data as electricity consumption linked to artificial intelligence (AI) continues to grow rapidly.
India has surpassed 100 gigawatts (GW) of installed solar capacity, marking a significant increase over the past decade. This expansion aligns with its goal of reaching 500 GW of non-fossil energy capacity by 2030.
India has surpassed 100 gigawatts (GW) of installed solar capacity, marking a significant increase over the past decade. This expansion aligns with its goal of reaching 500 GW of non-fossil energy capacity by 2030.
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.
Meridian Energy has received final approval from the Environment Court for its 120 MW solar farm project in Ruakākā, New Zealand. This facility is part of a broader plan to strengthen the country’s electricity generation capacity.
Verso Energy strengthens its position in the renewable electricity market by acquiring a portfolio of solar power plants in operation and development from Neoen, totaling 400 MWc. This transaction marks a key step in its energy integration strategy.
Verso Energy strengthens its position in the renewable electricity market by acquiring a portfolio of solar power plants in operation and development from Neoen, totaling 400 MWc. This transaction marks a key step in its energy integration strategy.
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.

Advertising