India's JSW Energy to buy Temasek-backed O2 Power's units for $1.47 bln
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
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Should l Buy ?
Source: Reuters
JSW Energy Acquisition: JSW Neo Energy, a unit of Indian billionaire Sajjan Jindal's JSW Energy, will acquire O2 Power's subsidiaries for $1.47 billion, aiming to boost its renewable energy capacity to 20 GW by fiscal 2030.
Government Push for Renewables: The acquisition aligns with the Indian government's increased investments in renewable energy to meet its 2030 clean energy targets after previously falling short of its 2022 goals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
