Oriana Power's Major Investment in Rajasthan's Renewable Energy Sector
Key Ideas
- Oriana Power has committed INR 10,000 crores for solar, floating solar, green hydrogen, and energy storage projects in Rajasthan, creating a significant investment opportunity.
- The investment is expected to generate thousands of job opportunities directly and indirectly, contributing to the economic growth of the state.
- Rupal Gupta, the Managing Director of Oriana Power, expressed optimism about strengthening Rajasthan's position in clean energy and supporting India's energy independence.
- The company's recent financial performance and growing order book reflect its dedication to driving India's renewable energy targets.
Oriana Power Ltd. has signed an MoU with the Rajasthan government to invest INR 10,000 crore in renewable energy projects, focusing on solar power, floating solar, green hydrogen production, and energy storage solutions. The agreement, announced during the Rising Rajasthan Global Summit 2024 in Jaipur, earmarks six project locations across Bikaner, Churu, and Phalodi districts. Rupal Gupta, the Managing Director, highlighted Rajasthan's conducive policies for renewable energy investments. The initiative aims to not only create job opportunities but also reinforce Rajasthan's leadership in clean energy and support India's shift towards energy independence. Oriana Power's substantial revenue growth and a burgeoning order book demonstrate its commitment to advancing India's renewable energy objectives.
Topics
Projects
Green Hydrogen
Renewable Energy
Investment
Job Creation
Solar Power
Energy Storage
Economic Development
Rajasthan
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