O2 Power, formed in 2020, is a joint venture between Singapore’s Temasek Holdings and Sweden’s EQT Infrastructure.
India’s JSW Energy has agreed to buy clean energy projects from O2 Power Pooling for about US$1.5 billion ($2.04 billion) in an all-cash deal, according to a stock exchange filing Friday.
The acquisition will allow JSW, controlled by steel-to-cement tycoon Sajjan Jindal, to add a portfolio of 4.7 gigawatts of renewable power projects, the company said in the statement.
