O2 Power signs 100 MW PPA with East Central Railways to boost green energy commitments
O2 Power has signed a 100 MW Power Purchase Agreement (PPA) with East Central Railways (ECR), marking a key milestone in advancing India’s clean energy transition. The renewable power will be sourced from O2 Power's 360 MW installed capacity across Rajasthan, Gujarat, and Karnataka. This collaboration supports ECR’s decarbonization goals and contributes to the country’s mission of achieving net-zero carbon emissions by 2070.
The renewable power under this agreement will be supplied from O2 Power's installed capacity of 360 MW across Rajasthan, Gujarat, and Karnataka.
New Delhi, December 02, 2024 – O2 Power, India’s leading renewable energy platform committed to driving transition to clean energy through innovative solar and wind power solutions, has announced the signing of a 100 MW Power Purchase Agreement (PPA) with East Central Railways. The renewable power under this agreement will be supplied from O2 Power's installed capacity of 360 MW across Rajasthan, Gujarat, and Karnataka.
East Central Railways, a key division of the Indian Railways will benefit from this partnership by advancing its decarbonisation goals and contributing to the national mission of achieving net-zero carbon emissions by 2070. The renewable energy supplied under this agreement will directly power ECR’s operations, reducing its carbon footprint and enhancing energy sustainability. By harnessing solar and wind power across multiple states, O2 Power continues to play a pivotal role in shaping India’s clean energy future.
Commenting on the development, Parag Sharma, Founder and CEO, O2 Power, said, “This PPA with ECR is a significant step in enabling Indian Railways to go green. At O2 Power, we are proud to contribute to this transformative journey by ensuring a round-the-clock (RTC) supply of clean energy to the grid."
O2 Power’s renewable energy projects with a total portfolio of 6GW+ span across multiple states, contributing significantly to India’s renewable energy capacity and aligning with the nation’s commitment to achieving 500 GW of non-fossil fuel capacity by 2030.
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