O2 Power eyes $350m equity support as EQT, Temasek exit

O2 Power needs an additional $300-350 million equity boost to accelerate its renewable energy capacity from 1.5 GW to 2.5-3 GW annually. The company’s current shareholders, EQT and Temasek, are planning to exit, and potential buyers include Macquarie and Stonepeak. O2 Power holds a portfolio of 5.6 GW and has significant growth plans in India’s renewable energy sector.