Oriana Power Lands $12M Solar Project

Oriana Power, a renewable energy company based in Noida, has won a ₹1 billion ($12.08 million) contract for the turnkey engineering, procurement and construction (EPC) of a 29 MW captive open-access solar project in Karnataka for a prominent steelmaker. The project is expected to be commissioned within five months and includes design, engineering, delivery, installation and one year of operation and maintenance services.

This performance follows another contract worth ₹343.90 million ($4.14 million) for a 7 MWdc solar project for a cement company in Rajasthan. Oriana Power has delivered more than 100 MW of solar projects under both the Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO) models.

In addition, the company recently won an auction to build a 20 MW ground-mounted solar photovoltaic project in Dhanbad, Jharkhand, for Bharat Coking Coal, a subsidiary of Coal India. Oriana Power has also been added to the Solar Energy Corporation of India's list of EPC contractors for 5.98MW of grid-connected rooftop solar systems.

Karnataka, where the project is located, is a significant hub for solar open access, accounting for over 34% of cumulative solar open-access capacity in India as of H1 2023, according to the Mercom India Solar Open Access Market Report. This move toward renewable energy aligns with the Indian government's consideration of mandating the use of "green steel" in government projects as part of efforts to decarbonise the steel sector.

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