M&A M&A
O2 Power acquires Emmvee's 55-MW solar plant portfolio in Karnataka, Telangana
Delhi-based O2 Power has acquired a portfolio of solar power plants from Bengaluru-based solar panel manufacturer, Emmvee Photovoltaic Power. The plants, located in Karnataka and Telangana, have an aggregate installed capacity of 55-megawatt. The plants supply power to state discoms, as also captive power to Dr Reddy's Laboratories.
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From the Venture Intelligence PE-VC Deal Database: In Jan 20, O2 Power had raised USD 500 M from EQT and Temasek (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)