JSW Energy plans to invest Rs 14,000 crore to scale up the renewable energy capacity of its newly acquired O2 Power platform to 4.7 GW by June 2027, according to senior company officials.

The acquisition of O2 Power’s 4,696 MW renewable energy platform from O2 Power Pooling was completed for an enterprise value of Rs 12,468 crore through JSW Neo Energy, a wholly owned subsidiary. Currently, O2 Power has an installed capacity of 1.3 GW. Of the total 4.7 GW target, 2,259 MW will be operational by June 2025, 1,463 MW is under construction, and 974 MW is in the development pipeline.

Joint MD Sharad Mahendra confirmed that the company is committed to this expansion through strategic capital expenditure. For FY26, JSW Energy plans to invest Rs 15,000–Rs 18,000 crore to complete existing projects and initiate new ones. In FY25, Rs 8,000 crore was spent due to delays and a shift toward inorganic growth.

The company is currently constructing 11.3 GW of generation capacity, including 9.7 GW of renewable projects and a 1.6 GW ultra-supercritical thermal power project at Salboni in West Bengal.