O2 Power bags 800-MWh battery storage project in Rajasthan
O2 Power secures an 800-MWh battery energy storage project in Rajasthan, through a competitive bidding by Solar Energy Corporation of India Ltd. The project includes a mix of solar and battery systems to supply power during non-solar peak hours, a...
The company said it secured the renewable energy project through a competitive bidding conducted by Solar Energy Corporation of India Ltd (SECI) - FDRE VI.
The project, to come up near an operational substation, leverages abundant solar and land resources while utilising existing evacuation infrastructure to minimise transmission delays.
The project is set to be commissioned within 24 months of signing of PPA (power purchase agreement).
Parag Sharma, Founder and CEO, O2 Power, said, "This project win reinforces our commitment to driving India's clean energy transition."
O2 Power's renewable energy projects with a total portfolio of 6GW+ span across multiple states.
Established in 2020 by Singapore-based investment company Temasek and Stockholm-based investment firm EQT Infrastructure, O2 Power focuses on developing, constructing, and operating renewable energy projects, including solar and wind power.
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