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Home › Investment & Trading ›JSW Energy to Invest INR 14,000 Crore to Expand O2 Power’s Capacity to 4.7 GW by June 2027

JSW Energy to Invest INR 14,000 Crore to Expand O2 Power’s Capacity to 4.7 GW by June 2027

JSW Energy plans to undertake capital expenditure of INR 13,000- 14,000 crore in O2 Power to scale its capacity to 4.7 GW by June 2027. The asset with 1.3 GW operational capacity was recently acquired by JSW Energy for INR 12,468 crore.

May 22, 2025. By Mrinmoy Dey

JSW Energy would invest about INR 14,000 crore in its recently acquired O2 Power to expand its capacity to 4.7 GW by June 2027, said Sharad Mahendra, Joint Managing Director and Chief Executive Officer, JSW Energy, in an investors’ call.

“In another large transaction we acquired O2 Power a 4.7 GW RE platform. The total consideration paid for O2 Power is INR 12,468 crore. The current installed capacity of O2 is 1.3 GW and we expect it to scale to 4.7 GW by June 2027 by undertaking capital expenditure of INR 13,000- 14,000 crore,” he said.

He further detailed that presently O2 Power has an operating capacity of 1,343 MW out of which 271 MW is wind and balance is solar. “And during the quarter may be another addition of about 500 MW will happen taking it to about close to 1.9 GW. And balance, because of the connectivity and various issues we will see in the coming quarter,” he said.

Talking about the company’ capex, Pritesh Vinay, Director (Finance) and Chief Financial Officer, JSW Energy said, “For fiscal 2026, we are expecting to end up spending anything between INR 15,000-18,000 crore to complete the ongoing projects plus the pipeline of new growth projects that have started.”

JSW Energy currently has a total capacity of 12.2 GW. In FY2025, the company has added about 3.6 GW of capacity strengthening the diversity and scale of its portfolio.

“This comprises 1.7 GW of organic capacity that affirms our capabilities to execute large-scale projects efficiently. Our organic wind capacity addition stands at 1.3 GW representing one third of the nation’s total wind capacity additions in FY2025. These greenfield wind capacity additions include the completion of SECI X wind project of 454 MW. Our remaining first batch of under-construction wind projects are nearing completion,” stated Mahendra.

Additionally, JSW Energy is currently constructing 11.3 GW of generation projects, all of which are fully tied up under long-term Power Purchase Agreements. “The under-construction portfolio includes 9.7 GW of renewable energy projects and 1.6 GW Salboni ultra-supercritical thermal power project which marks our investment in greenfield thermal after more than a decade. Beyond this we have a robust project pipeline of approximately 4.9 GW of projects where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed,” added Mahendra.

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