O2 Power

Making an exhaustive analysis of the #UnionBudget tabled yesterday, Shyam Sharma, our CFO, says, "The government’s intent on bringing about a green economy is evident in the strong steps it has been taking towards that direction: · PM Surya Ghar Muft Bijli Yojana (announced during the interim budget) receives further impetus for the installation of rooftop solar plants (enable 1 crore households obtain free electricity up to 300 units/month) · Reduction in customs duty for certain additional capital goods for use in manufacturing of solar cells and modules from 7.5% to NIL to push demand for domestic solar cells and module · Pumped storage policy to be brought out to enhance electricity storage to support renewable energy-based power generation · Policy document on energy transition pathways to be introduced that balances employment, growth and environmental sustainability. Energy audit of traditional MSMES in 60 clusters. Financial support to be provided to shifting them to cleaner energy · Taxonomy for climate finance to be developed for enhancing the availability of capital for climate adaptation and mitigation · Transition to Indian Carbon Market mode for 'hard-to-abate’ industries to include the formulation of a roadmap for transitioning these industries from ‘energy efficiency’ targets to ‘emission targets’ ". Read the full analysis here -- https://lnkd.in/gxgCv3dJ #Budget2024 #renewableenergy

O2 Power welcomes Finance Minister, Smt. Nirmala Sitharaman's internship opportunities proposal for one crore students / young professionals in top organisations to get them workforce-ready. At O2 Power, we have been already providing real-world work exposure to students across various streams, institutes, and universities through our #Internshala -- 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐊𝐢 𝐏𝐚𝐭𝐬𝐡𝐚𝐥𝐚 program. Glimpses of two of our current interns, Anoushka Agarwal, Masters student from Esade, Spain, and Lisa Van Weegen, Masters student from Delft University of Technology, Netherlands, interning with us and visiting our projects for an on-ground understanding of what we build, how we build, and where we build. #GreatPlaceToWork #InternshipProgram

#HiringAlert Apply for the role of a Manager / Sr. Manager – Design. Email your CV to [email protected] #openposition

#O2PowerInternshala Anoushka Agarwal, a student of Esade Business School, Barcelona, is interning with us in our HSE team. She forms part of our #LearningKiPathshala cadre, an ecosystem that enables students their industry exposure, and understanding. Looking forward to using her academic learning in real-life situations, and understanding business practices and principles in greater depth, she says, "This experience will provide me with invaluable insights into how companies can balance profitability with environmental stewardship and social rewards." #greatplacetowork #GPTW

Ahead of the Union Budget 2024 presentation tomorrow morning, Tuesday, July 23, we urge you to read our CFO's, Shyam Sharma's, exhaustive essay on the steps required across direct taxation, indirect taxation, and finance to further boost the renewable energy sector and accelerate its growth. Our country has been striving for greater RE self-reliance, in addition to stronger local manufacturing capabilities. We hope the budget to be tabled tomorrow will consider the measures elaborated by Shyam to realise our twin goals of being energy secured and self-reliant. https://lnkd.in/gwnbzEyc #RenewableEnergy #UnionBudget

#QuizTime

#HiringAlert Apply for the role of a Engineer / Sr. Engineer- Electrical. Email your CV to [email protected] #openposition

The final segment in our 𝐑𝐄 𝐖𝐢𝐬𝐡𝐥𝐢𝐬𝐭 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 #UnionBudget series is Finance. Shyam Sharma, our CFO, is hopeful for policy announcements and amendments in six areas that have the potential to boost the sector in a renewed manner. It remains to be seen if these measures will be considered by the Finance ministry. Want to read about these points in detail? Click here -- https://lnkd.in/gwnbzEyc #IndiaBudget #REExpectations

We produce renewable energy, and we do it the smart way! Our automated, robot-assisted solar panel cleaning system not only saves precious water, but also makes the panels more efficient and productive thereby optimizing their utility. At O2 Power, we strongly believe in 𝐬𝐦𝐚𝐫𝐭 𝐚𝐧𝐝 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬. #smartsystems #renewableenergy #automatedsystems

Continuing with our series on the #UnionBudget wish list, here is a summary of the indirect taxation expectations listed by Shyam Sharma, our CFO. These four simple asks from the Finance Ministry can strengthen the country's overall renewable energy framework and approach. Want to read about these points in details? Click here -- https://lnkd.in/gwnbzEyc #IndiaBudget #REExpectations