EQT and Temasek have sold O2 Power to JSW Neo Energy for USD 1.5 billion, marking a significant milestone as EQT's first infrastructure exit in the Asia Pacific.

Target Overview

O2 Power, established in 2020 by EQT and Temasek, has quickly emerged as a dominant entity in India's renewable energy landscape. The company has successfully achieved a total capacity of 4.7 gigawatts, with approximately 2.3 gigawatts expected to be operational by June 2025. Its specialization in utility-scale solar, wind, and hybrid energy projects positions it as one of India's leading renewable energy platforms.

Headquartered in Gurgaon, India, O2 Power was built on a foundation of strong governance, operational efficiency, and scalable systems. The company has also assembled a diverse board with expertise that spans both global and local markets, ensuring growth while maintaining high standards of transparency and accountability.

Industry Overview in India

India's renewable energy sector is among the fastest-growing in the world, driven by ambitious government initiatives aimed at reaching 500 gigawatts of installed renewable c