O2 Power, a renewable energy IPP in India announces the acquisition of a portfolio of solar power plants from Bangalore based 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 MW, part of which supplies power to state discoms, while the balance capacity supplies captive power to Dr. Reddy’s Laboratories.
“The Emmvee acquisition marks our foray not only into Karnataka and Telangana but also marks the beginning of our relationship with Dr. Reddy’s. Weare excited about this portfolio and are looking forward to the development of an expanding relationship with Dr. Reddy’s. We will 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 officer of O2 Power.
O2 Power has signed PPAs of about 2 GW in aggregate, and a commissioned 250 MW Solar project in Jaisalmer, Rajasthan.