JSW Energy Limited has announced an investment of Rs 140 billion to expand the renewable energy capacity of its recently acquired platform, O2 Power. The company aims to increase the renewable portfolio of O2 Power to 4.7 GW by June 2027.
Currently, O2 Power has an installed capacity of 1.3 GW, with 2,259 MW expected to be operational by June 2025, 1,463 MW under construction, and another 974 MW in the pipeline. JSW Energy through its subsidiary, JSW Neo Energy Limited, acquired O2 Power in December 2024, for an enterprise value of Rs 124.68 billion.
Furthermore, for the financial year (FY) 2025-2026, JSW Energy plans to invest around Rs 150 to 180 billion to complete ongoing projects and support the pipeline of new projects. This planned capital expenditure marks a significant increase from the Rs 80 billion spent in FY 2024–2025, which was lower than the guidance of Rs 150 billion. The shortfall in the previous year was attributed to delays in existing projects and a shift towards inorganic expansion.
