Rajasthan's Green Energy Boost: Oriana Power to Invest Rs 10,000 Crore in Multiple Renewable Projects
Key Ideas
- Oriana Power signed a MoU with the Rajasthan government to invest Rs 10,000 crore in solar, green hydrogen, and energy storage projects across the state.
- The company aims to strengthen Rajasthan's green energy credentials and accelerate the state's journey towards complete energy independence.
- Oriana Power reported a significant revenue growth of 461.27% for the half-year ended September 30, 2024, standing at Rs 359.54 crore.
- With an order book exceeding 500 MW, Oriana Power is set to make a substantial impact on renewable energy development in Rajasthan.
Oriana Power, a NSE-listed company, has announced its plans to invest Rs 10,000 crore in developing multiple renewable energy projects in Rajasthan, India. The Memorandum of Understanding (MoU) was signed in Jaipur during the Rising Rajasthan Global Summit 2024. The projects will include solar, floating solar, green hydrogen, and energy storage solutions, with six locations already identified for development. Rupal Gupta, the Managing Director of Oriana Power, expressed the company's commitment to enhancing Rajasthan's green energy profile and advancing the state's energy independence. The company's remarkable revenue growth of 461.27% for the half-year ending September 30, 2024, showcases its financial strength and potential for contribution to the renewable energy sector. With an order book exceeding 500 MW, Oriana Power is poised to play a significant role in promoting sustainable energy practices and fostering growth in Rajasthan's renewable energy landscape.