Oriano sees solar project orders surging to 350 MWp
Summary
Mumbai-based Oriano has more than INR 300-crore contracts in hand for setting up 350+ MWp of utility-scale solar projects across various states in India.Out of this, orders for 125 MWp of projects in open access (OA) mechanism were closed last year (FY 2020-21) itself. The capacity includes 125 MWp in developer mode.We are seeing increased interest in commercial and industrial open-access segment. We being directly engaged with corporate consumers with their energy needs, are able to deliver bankable power purchase agreements along with speedy delivery of the project due to in-house development and EPC capabilities, said SinghIn development business, Oriano said it recently won 70 MW of commercial and industrial solar capacity in the Indian state of Uttar Pradesh and signed corporate power purchase agreements for 55 MWp in Karnataka and Maharashtra with AA-rated clients. The company stated it has created 175 MWp of projects in shovel-ready status.Founded in 2015, Oriano has a 700+ MWp of solar development and EPC projects installed and under execution, with consumer list including Honda, Bosch, Bajaj Auto, Amway, Cipla, Tata Communications, First Solar (USA), Aditya Birla Renewables, Solarpack (Spain), Downing (UK), Technique Solaire (France), HAL, and HPCL, among others. Moving forward, we are looking to partner captive customers across sectors looking to adopt solar energy.