Singapore's Temasek and EQT launch O2 Power platform in India

It will target over 4GW of installed capacity across solar and wind.

The EQT Infrastructure IV fund (EQT) and Singapore’s Temasek Holdings established renewable energy platform O2 Power in India, which will target over 4GW of installed capacity across solar and wind and has received total commitments of $500m in equity to be deployed over the coming years.

According to an announcement, O2 Power will focus on developing utility-scale renewable projects across solar, wind, and hybrid via both greenfield project development and M&A. The platform is headquartered in Gurgaon in the Northern Indian state of Haryana.

With this transaction, EQT Infrastructure IV is expected to be 60-65% invested.