Orient Green Power announced that its subsidiary has secured a substantial solar power project contract. The company's Rights Issue Committee approved the EPC contract execution on December 29, 2025, marking a significant milestone in its growth trajectory.

Project Details and Specifications

Delta Renewable Energy Private Limited, a subsidiary of Orient Green Power, has signed and executed an EPC (Engineering, Procurement and Construction) contract with Remon Solutions Private Limited. The project involves developing solar power infrastructure with the following specifications:

Contract Structure and Implementation

The EPC contract encompasses comprehensive project development responsibilities for Remon Solutions Private Limited. The contractor will handle all aspects of engineering, procurement, and construction for the solar power project across one or more locations in the specified taluks of Thiruvannamalai District.

Both contracting parties are Indian entities, and the agreement structure ensures no related party transactions are involved. There are no interests from promoter groups or group companies in the contracting entity.

Strategic Significance

This contract execution demonstrates Orient Green Power's commitment to expanding its renewable energy portfolio through its subsidiary operations. The project adds substantial capacity to the company's solar power generation capabilities.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive disclosures as required under Schedule III and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The project timeline extends through May 31, 2026, providing a clear execution framework for the solar power facility development in Tamil Nadu.

Orient Green Power Company Limited (OGPL) has successfully commissioned its first solar energy project, marking a significant milestone in the company's renewable energy portfolio expansion. The company's subsidiary, Delta Renewable Energy Private Limited (DELTA), has developed and installed a 7 MW AC Solar Power Project in Krishnasamudram Village, Tiruttani Taluk, Tiruvallur District, Tamil Nadu.

Project Details

• Capacity: 7 MW AC
• Location: Krishnasamudram Village, Tiruttani Taluk, Tiruvallur District, Tamil Nadu
• Operating Model: Group Captive Model

Strategic Significance

This solar project represents OGPL's strategic entry into the solar energy sector, complementing its established wind power portfolio. The diversification into solar energy is a move that may enhance the company's position in the renewable energy market and could allow it to serve existing clients under the Group Captive Model.

Operational Model

The project operates under the Group Captive Model, with the generated power being supplied to DELTA's captive shareholders. This model typically allows for more predictable revenue streams and can be attractive to industrial consumers looking to reduce their carbon footprint.

Financial Implications

While specific financial details of the project were not disclosed, a look at OGPL's recent balance sheet data reveals some trends:

All figures in ₹ crore

The increase in current assets and the appearance of fixed assets on the balance sheet could potentially be related to the company's expansion into solar energy. However, it's important to note that these figures represent the entire company's financials and not just the solar project.

Market Implications

This move into solar energy could potentially:

1. Diversify OGPL's revenue streams
2. Reduce the company's dependence on wind power
3. Position OGPL as a more comprehensive renewable energy player

As the renewable energy sector continues to grow in India, OGPL's expansion into solar could open up new growth opportunities for the company.

Investors and industry observers may be watching closely to see how this new solar project performs and whether it signals a broader shift in OGPL's strategy towards a more diversified renewable energy portfolio.