OMC Power, a decentralised renewable energy (DRE) company, has announced plans to deploy 1 gigawatt (GW) of distributed clean energy capacity over the next three to five years, backed by a planned investment of Rs 40 billion.

The company, which has recently turned profit-after-tax (PAT) positive, will expand across telecom energy systems, rural mini grids, and rooftop solar—especially in public healthcare infrastructure. For the current year alone, it has earmarked an investment of Rs 4–5 billion.

“We are currently implementing around 100 MW of capacity this year,” said Rohit Chandra, Managing Director and CEO of OMC Power, in an interview with BW Businessworld. “The 1 GW pipeline will comprise 600 MW from rooftop solar, including Kusum and floating solar, 200 MW for telecom infrastructure, 100 MW for mini grids, and 100 MW from our existing portfolio.”

OMC expects to close the financial year with a PAT of around USD 1 million and has been Ebitda-positive for the last three years.

Health Sector Rooftops a Key Priority

A substantial share of OMC’s new capacity will support solarisation of healthcare facilities, particularly in Uttar Pradesh. The company is working with the state government to install rooftop solar systems at district hospitals and medical colleges, including AIIMS Raebareli, AIIMS Gorakhpur, and King George’s Medical University in Lucknow.

“This will be the largest sustainable healthcare infrastructure programme globally,” Chandra stated. “We envision hospitals moving toward a 24x7 energy model using rooftop solar and integrated battery storage.”

In the telecom sector, OMC plans to deploy energy systems for an additional 2,000 telecom towers, totalling 200 MW. The company also aims to commission 1,000 new rural mini grids (100 MW), building on its village-scale decentralised grid model.

A Commercial-First Approach

Highlighting OMC’s financially disciplined approach, Chandra said the company has never accepted grants. “From the beginning, we focused on building a commercially viable model, anchored in long-term PPAs with creditworthy partners such as telecom firms and state bodies,” he said.

OMC operates across four verticals: telecom energy systems, rural mini grids, solar rooftop installations for government healthcare facilities, and a solar EPC division for MSMEs.

Japanese investors Mitsui & Co. and Chubu Electric Power have supported OMC since 2017, contributing financial and operational expertise. “They’re not just shareholders—we’ve had Mitsui colleagues permanently based in India, including our current CFO,” Chandra noted.

The company has also secured project funding from IREDA, the State Bank of India, and Japan’s SMBC, supported by strong offtake agreements and digital tools such as remote monitoring and smart meters.

Storage-Linked Solar: The Next Frontier

Looking ahead, Chandra pointed to storage-integrated rooftop solar as a key area for regulatory focus. “Most rooftop systems today are net-metered without storage. The next step is enabling 24x7 energy models where customers can store and manage their energy,” he said.

OMC is currently designing such systems for healthcare and large institutional customers, which are expected to reduce power bills by 40–45 per cent in the first year while ensuring energy reliability during grid outages.

New source: Business World