O2 Power Acquires Solar Power Plants in Karnataka and Telengana – EQ Mag Pro
O2 Power, a renewable energy Independent Power Producer (IPP) in India founded in November 2019, announces the acquisition of a portfolio of solar power plants from Bangalorebased solar panel manufacturer, Emmvee Photovoltaic Power Pvt. Ltd.
The plants are in the state of 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, one of India’s biggest multinational pharmaceutical companies.
“The Emmvee acquisition marks our foray not only into Karnataka and Telangana but also marks the beginning of our relationship with Dr Reddy’s. We are excited about this portfolio and are looking forward to the development of an expanding relationship with Dr Reddy’s. We will continue to work towards strengthening our C&I and utility pipeline through a mix of solar, wind and hybrid projects, ” said Peeyush Mohit, founder and chief operating ocer of O2 Power.
