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A&O Shearman advises EQT and Temasek on their USD1.5 billion exit from O2 Power

Published Date
Jan 6 2025
A&O Shearman is advising EQT and Temasek on the USD 1.5bn divestment of their entire stake in O2 Power, an Indian renewable energy platform, to JSW Energy.

This landmark transaction, which was announced on December 27, 2024, is the largest renewable energy exit by a financial sponsor in India, and marks EQT’s first infrastructure exit in the Asia Pacific region too.

O2 Power was established as a new company in 2020 by EQT and Temasek and has since grown to become a leading player in India's renewable energy sector, achieving 4.7 gigawatt of total capacity.

“We are delighted to have advised EQT and Temasek on this significant deal, leveraging our international expertise and profound knowledge of the local India landscape. The renewable energy sector in India is experiencing rapid growth, and this transaction underscores the pivotal role the region plays in advancing the global energy transition.”

Image of Ayesha Thapar

Ayesha Thapar

Partner

The core A&O Shearman team was led by partners Ayesha Thapar (Singapore), Harsh Pais (London) and James Mythen (Singapore), with support from senior associate James Kingston (Bangkok) and associate Agnes Guntara (Singapore).

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