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Success Journey

We are on the path to success

success
O2 Power is one of the fastest growing renewables platform in India having won 6.0+ GW capacity within 5 years of inception.
  • Strong win ratio in reverse auctions for utility-scale tenders of central utilities
  • Focused on participating in utility-scale tenders with high rated counterparties (NTPC, NHPC , GUVNL)
  • Secured a profitable portfolio having weighted average tariff of INR 2.52 per kWh levelized for 25 years. O2 team has been prudent while bidding for tenders with high tender subscriptions levels (>8-10X)
  • Key focus on strong credit counterparties in both the Utility and C&I segment
  • Entered C&I segment by tapping marquee customers under captive sale mode; 240 MW hybrid project under development and secured connectivity for 330 MW across states
success
One of the fastest growing renewable energy companies in India having executed 6.0+ GW capacity within 4 years of inception

On a strong growth path

graph-growing-energy

Inception

2020

851MW

2021

1.7GW

2022

1.8GW

2023

6.0GW

2024

accelerating the transition to a sustainable energy future

  • 2024
    Expansion of Utility & C&I footprint
    Client acquisitions across industries
  • 2023
    Commissioned 50 MWs wind project in Karnataka under the C&I Mode. Opened Maharashtra market for C&I with 270MWp solar projects. Developed C&I ISTS site & closed 150 MWs of PPAs
    Closed 1.3 GWp solar PV panels with LONGI
    Signed 200 MWs wind PPA with SECI & 70 MWs with GUVNL.
  • 2022
    Commissioned 338 MWp HFE Project- one of the fastest from land acquisition to commissioning despite Covid delays
    Amid competitive utility scene, strategic foray into the C&I segment with 240 MW Karnataka project
    Signed 540 MWp utility PPA with NTPC & first C&I PPA with PSA
  • 2021
    Financial closure of SECI project with L&T Finance at industry leading interest rates of 7.25%
    Signed 473MWp utility PPA with RUMS
    Module closure with LONGİ & TALESUN successful procurement amid global commodity rise
  • 2020
    Signed first 513 MWp of Utility PPA with NHPC
    338 MWp strategic brown-field stressed asset acquisition from Hero Future Energies PPA with SECI
  • 2019
    Founded in India with 500m$ investment commitment from EQT and Temasek

Biggest Utility
Off-takers

High quality PPAs with biggest utility off-takers & discoms in India

Top-tier
Customers

Top-tier customer base across MNCs & blue-chip companies in every state

Development &
Execution

In-house end-to-end development and execution capabilities of greenfield projects

In-house
Expertise

In-house expertise in origination, structuring and creating value from bolt-on acquisitions

Testimonials

Awards

Our Clients

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Certificates

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