India's JSW Energy to buy Temasek-backed O2 Power's units for $1.47 bln
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
0mins
Source: Reuters
JSW Energy Acquisition: JSW Neo Energy, a unit of Indian billionaire Sajjan Jindal's JSW Energy, will acquire O2 Power's subsidiaries for $1.47 billion, aiming to boost its renewable energy capacity to 20 GW by fiscal 2030.
Government Push for Renewables: The acquisition aligns with the Indian government's increased investments in renewable energy to meet its 2030 clean energy targets after previously falling short of its 2022 goals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
