CCI Greenlights JSW Neo's O2 Power Takeover

The Competition Commission of India (CCI) has approved JSW Neo Energy’s acquisition of O2 Power Midco Holdings and O2 Energy SG, bolstering its renewable energy portfolio in wind and solar power.

A subsidiary of JSW Energy under the diversified JSW Group, JSW Neo Energy is expanding its footprint in both conventional and renewable power generation. The acquisition aligns with its strategy to scale up green energy capacity, with O2 Power’s wind and solar assets adding significant value.

This deal strengthens JSW’s competitive position in India’s renewable energy sector while supporting national sustainability goals. The CCI’s approval signals regulatory confidence in the transaction, with a detailed order expected soon.

As India prioritizes renewable energy for energy security and climate commitments, this acquisition positions JSW Neo Energy as a key player in the country’s clean energy future.

News by Rahul Yelligetti.