In order to achieve East Central Railways’ decarbonization goals and the nation’s net-zero emissions target, O2 Power has penned a Power Purchase Agreement (PPA) to grant 100 MW of renewable energy to East Central Railways.
As per the company statement, renewable energy under this pact will be granted from O2 Power’s installed capacity of 360 MW across Rajasthan, Gujarat, and Karnataka.
East Central Railways, a prime segment of Indian railways, will be significantly favored from this collaboration by promoting its decarbonization goals and contributing to accomplishing the nation’s mission of net-zero carbon emissions by 2070, the statement says.
Under this agreement, the granted renewable energy will directly fuel ECR’s operations, thereby lowering its carbon footprint and improving energy sustainability.
Founder and CEO of O2 Power, Parag Sharma, stated, “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.”
Over 6GW of renewable energy projects of O2 Power has been scattered across diverse states.
In 2020, O2 Power, a renewable energy platform in India, was developed by Temasek, an investment company stationed in Singapore, and EQT Infrastructure, an investment firm based in Stockholm. The company’s key focus is on developing, constructing, and operating renewable energy projects, such as wind and solar power.
