JSW Neo Energy Gets CCI Nod for O2 Power Acquisition

20 Mar 2025 CW Team

The Competition Commission of India (CCI) has approved JSW Neo Energy Limited鈥檚 acquisition of O2 Power Midco Holdings Pte. Ltd. and O2 Energy SG Pte. Ltd., granting JSW Neo full ownership of the O2 Power entities.

A wholly owned subsidiary of JSW Energy Limited, JSW Neo Energy is focused on expanding its renewable energy portfolio across wind and solar power. The acquisition aligns with its strategy to scale up green energy generation and strengthen its position in India鈥檚 competitive renewable sector.

O2 Power, through its subsidiaries, operates wind and solar power projects, making it a strategic addition to JSW Neo Energy鈥檚 portfolio. The deal is expected to boost JSW鈥檚 clean energy footprint and support India鈥檚 broader sustainability goals.

CCI鈥檚 approval confirms the transaction鈥檚 compliance with competition norms, ensuring a smooth transition. A detailed order from the Commission is expected to provide further regulatory insights. As India accelerates its shift towards renewable energy, this acquisition reinforces JSW Neo Energy鈥檚 role as a key player in the country鈥檚 clean energy future.

(MERCOM)

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