PRESS RELEASE
10 February 2025

A&O Shearman Advises EQT And Temasek On Their USD1.5 Billion Exit From O2 Power

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
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.
Singapore

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.”

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.

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