Oriana Power's Rs 10,000 Crore Investment in Renewable Energy Expansion
Key Ideas
- Oriana Power, a renewable energy company, plans to invest Rs 10,000 crore in solar, green hydrogen, and BESS verticals over the next few years.
- The company aims to establish a gigawatt-scale factory for producing electrolysers and balance of plant modules for green hydrogen and e-fuels.
- They have significant order bookings and are focused on expanding their capacity in EPC and IPP segments while offering sustainable energy solutions.
- Despite no immediate plans for solar module manufacturing, they continue to grow and execute projects in various renewable energy sectors.
Oriana Power, a NSE-listed renewable energy company based in Mumbai, revealed plans to invest Rs 10,000 crore in the solar, green hydrogen, and battery energy storage system (BESS) verticals over the next three to four years. The co-founder, Anirudh Saraswat, highlighted the company's target of achieving 1 GW capacity in EPC and 400 MW capacity in IPP by 2026. They currently hold a substantial order book of over Rs 2,500 crore to be executed by November 2025.
Additionally, Oriana Power announced intentions to set up a gigawatt-scale factory for manufacturing electrolysers and balance of plant modules catering to green hydrogen and e-fuels. The company, which has shown continuous growth, aims to increase its revenue significantly in the upcoming years. With operations in solar, BESS, compressed biogas (CBG), and green hydrogen solutions, they are engaged in executing various projects across India.
While Oriana Power has no immediate plans to enter solar module manufacturing, they are considering forward integration strategies. The firm has already completed multiple projects and has ongoing projects in various capacities like floating solar and CBG. Their persistent growth and sustainable energy solutions emphasize their commitment to the renewable energy sector.