O2 Power acquisition unlocks value

Company

30 Dec 2024 | 5 Min Read

JSW Energy's acquisition of O2 Power adds 4.7 GW of renewable energy capacity.

The acquisition is valued at ~7x EV/EBITDA and is expected to unlock value.

O2 Power's diverse portfolio includes solar, wind, and niche segments.

The acquisition is expected to lead to a transitory rise in leverage.

JSW Energy's core business is valued at 15x FY27 EBITDA, with a TP of INR810/share.

The acquisition is expected to contribute to streamlined management and enhanced synergies.