Orient Green Power Company has signed an engineering, procurement, and construction contract for a 7 MW solar project, marking a significant step in its renewable energy expansion. The estimated development cost for the project stands at 400 million rupees, reinforcing the company’s commitment to sustainable energy solutions.
Project Overview
- The solar project will be developed in Tiruttani Taluk, Tamil Nadu, under the company’s subsidiary, Delta Renewable Energy Private Limited
- The EPC contract has been awarded to Remon Solutions, ensuring timely execution and adherence to quality standards
- The project will operate with a 7 MW AC capacity, translating to 9.80 MW DC output, optimizing energy generation efficiency
Strategic Importance and Industry Impact
The initiative aligns with Orient Green Power’s broader vision of achieving a 1 GW renewable energy portfolio, integrating wind and solar hybrid models. The company’s expansion into solar energy complements its existing wind power assets, strengthening its position in India’s clean energy sector.
Future Prospects
With the first phase of its solar expansion set at 25 MW, Orient Green Power is poised to scale operations further. The improved financial ratings and debt refinancing efforts have positioned the company favorably for future investments in renewable infrastructure.
Sources: Shares Bazaar, Orient Green Power Annual Report, PwC.