Japan-based Chubu Electric, a global leader in electrical engineering, has signed an agreement to increase its investment in OMC Power. This move is aimed at accelerating the development of renewable energy projects and expanding OMC Power’s presence in India and South Africa.
The enhanced funding will enable OMC Power to commission 100 MW of energy transition projects in the near term and scale up its renewable energy infrastructure. OMC, which operates over 500 clean energy plants, plays a pivotal role in providing sustainable energy solutions across multiple sectors.
OMC Power’s renewable energy model focuses on solar-powered solutions to reduce dependence on diesel generators. In the institutional rooftop segment, the company drives energy transitions with cost-effective sustainable power systems. In rural areas, OMC delivers affordable renewable energy through smart grids, supporting local businesses and communities with reliable and eco-friendly energy.
Rohit Chandra, Managing Director & CEO of OMC Power, emphasized that the increased investment will help expand the company’s capacity by over 100 MWp in the current fiscal year, advance its technological capabilities, and broaden its renewable energy footprint across India.
Fumiaki Kashimori, Deputy Division CEO, Global Business Division at Chubu Electric, highlighted the strategic importance of this partnership. “This investment aligns with our commitment to sustainability and will bring tangible benefits to rural communities while contributing to a greener future,” he said.
OMC Power’s innovative energy solutions continue to support climate change mitigation while addressing future energy demands, fostering economic stability and environmental progress.
OMC Power Pvt Ltd is a trailblazer in the energy transition, focusing on delivering clean energy solutions at the grassroots level. Since its inception in 2011, the company has successfully developed and operates over 500 plants, providing sustainable energy to telecom towers, institutional rooftops, rural communities, and the commercial and industrial sectors.
OMC Power has garnered widespread recognition for its commitment to sustainability, including being named the Most Sustainable Organization by The Economic Times in 2023, and was honored as a technology pioneer by the World Economic Forum. CEO & MD, Rohit Chandra, was also recognized as the Most Promising Business Leader in Asia in 2023. Driven by a strong vision of continuous innovation, OMC Power is dedicated to setting new standards in the renewable energy sector and contributing to a cleaner, more sustainable future.
Chubu Electric Power Co., Inc. is one of Japan’s leading energy companies, renowned for its expertise in power generation, transmission, and distribution. Founded in 1951, the company plays a pivotal role in ensuring reliable and sustainable energy solutions both domestically and globally. With a strong focus on innovation and sustainability, Chubu Electric has been actively investing in renewable energy projects and smart grid technologies to support the global energy transition.
The company’s diverse portfolio includes solar, wind, and hydroelectric power, as well as advanced energy storage systems. Through strategic collaborations and investments, such as its partnership with OMC Power, Chubu Electric aims to expand its footprint in clean energy and contribute to a sustainable and carbon-neutral future while addressing the growing energy demands of industries and communities worldwide.
