<p>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.</p>.<p>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.</p>.<p>JSW Energy will acquire a renewable portfolio of 4.7 GW from O2 Power, which is backed by Singapore state-owned Temasek and EQT Infrastructure.</p>.Jindal Group in talks to acquire Czech-based Vitkovice Steel for around Rs 1,000 crore.<p>EQT will exit O2 Power following the deal, the Sweden-based private equity firm said in a filing.</p>.<p>About 2.26 GW of capacity will be operational by June 2025, with the remainder scheduled to be commissioned by June 2027.</p>.<p>The proposed acquisition is expected to be completed on or before May 26, 2025, according to an exchange filing.</p>.<p>The JSW Group company's renewable energy segment is its second-biggest revenue generator, as per JSW Energy's September quarter earnings report.</p>.<p>The Indian government is ramping up investments in the renewable energy sector as it pushes to meet its 2030 clean energy target after falling short of its much-publicized 2022 renewables goal.</p>
<p>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.</p>.<p>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.</p>.<p>JSW Energy will acquire a renewable portfolio of 4.7 GW from O2 Power, which is backed by Singapore state-owned Temasek and EQT Infrastructure.</p>.Jindal Group in talks to acquire Czech-based Vitkovice Steel for around Rs 1,000 crore.<p>EQT will exit O2 Power following the deal, the Sweden-based private equity firm said in a filing.</p>.<p>About 2.26 GW of capacity will be operational by June 2025, with the remainder scheduled to be commissioned by June 2027.</p>.<p>The proposed acquisition is expected to be completed on or before May 26, 2025, according to an exchange filing.</p>.<p>The JSW Group company's renewable energy segment is its second-biggest revenue generator, as per JSW Energy's September quarter earnings report.</p>.<p>The Indian government is ramping up investments in the renewable energy sector as it pushes to meet its 2030 clean energy target after falling short of its much-publicized 2022 renewables goal.</p>