Japanese Auto Major Honda Motor Picks Up 5-10% Minority Stake In Homegrown OMC Power

Contributing sentiments towards policy:

58% : New Delhi: Japanese auto major Honda Motor Co Ltd has picked up a minority stake, in the range of 5-10 per cent, in homegrown OMC Power, which is in the process of building up 1 gigawatt (GW) renewable energy portfolio in India, according to industry sources.
53% : Sharing a breakdown of the planned 1 GWp (gigawatt peak) or 1,000 MWp capacity, Chandra said around 600 MWp will be achieved from rooftop solarisation for customers in the healthcare space, where it has a capacity of 75 MWp.Around 200 MWp will be added in its green energy for telecom verticals, where the company supplies power to tower companies from 15 MWp capacity. To serve rural areas, the company plans to add another 100 MWp to its smart grids, bringing its operational capacity to 10 MWp.OMC

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