O2 Power, a Delhi-based renewable energy independent power producer, announced the acquisition of a portfolio of solar power plants from Bangalore-based solar panel manufacturer,
Emmvee Photovoltaic Power. According to the official press release, these plants are in Karnataka and Telangana and have an aggregate installed capacity of 55-megawatt, part of which supplies power to state discoms, while the balance capacity supplies captive power to Dr Reddy’s Laboratories.
“We will continue to work towards strengthening our commercial and industrial, and utility pipeline through a mix of solar, wind and hybrid projects,” said Peeyush Mohit, founder and chief operating officer of O2 Power.
O2 Power is backed by global investors EQT Infrastructure and Temasek. signed PPAs of about 2 GW in aggregate, and a commissioned 250 MW solar project in Jaisalmer, Rajasthan.
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