New Delhi, December 03, 2024: O2 Power has entered into a Power Purchase Agreement (PPA) with East Central Railways (ECR) to supply 100 MW of clean energy. The electricity will be drawn from O2 Power’s existing 360 MW capacity spread across Rajasthan, Gujarat, and Karnataka, contributing to the Indian Railways’ sustainability and decarbonization efforts.
This partnership will support ECR in reducing its carbon emissions while advancing India’s goal of achieving net-zero emissions by 2070. Parag Sharma, Founder and CEO of O2 Power, emphasized the importance of this agreement, stating it as a significant step toward greening the operations of Indian Railways. With a renewable energy portfolio exceeding 6 GW, O2 Power continues to develop and operate solar and wind projects nationwide, supported by its investors, Temasek and EQT Infrastructure.
The company is a leading renewable energy platform in India, established in 2020 through the backing of Singapore-based investment firm Temasek and Stockholm-based EQT Infrastructure. The company is committed to driving India’s clean energy transition by developing, constructing, and operating large-scale solar and wind energy projects according to the reports published in themachinemaker.com.
With a diversified renewable energy portfolio exceeding 6 GW, O2 Power is focused on delivering sustainable energy solutions across various states, including Rajasthan, Gujarat, and Karnataka. Its innovative approach and strategic partnerships enable it to supply round-the-clock renewable power to key sectors, aligning with India’s goals for decarbonization and energy independence.
