Oriano Clean Energy Signs PPA with GUVNL for 57 MW Solar Project, marking its entry into Long-Term Utility-Scale IPP Portfolio – EQ
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PPA secured under GUVNL’s 500 MW Solar (Phase-XXVII) Tender
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57 MW asset with strong revenue visibility and 24-month commissioning timeline
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Reinforces Oriano’s strategic evolution into a full-scale Renewable Energy Platform
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Further expands Oriano’s long-term contracted portfolio and future IPP pipeline
Oriano Clean Energy today announced the signing of a long-term Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 57 MW solar project, awarded as part of the GUVNL 500 MW Solar (Phase-XXVII) Tender. This development represents a significant addition to Oriano’s growing base of contracted renewable energy assets and marks another step in the company’s shift toward a more predictable, revenue-assured operating model.
The project is planned for commissioning within 24 months, creating a clear execution and revenue recognition timeline. Expected to be evacuated at 66 kV, the project structure enhances transmission efficiency and grid stability while supporting optimized generation performance — a key driver for long-term project returns.
The PPA strengthens Oriano’s presence in the utility-scale solar market and aligns with its strategy of building a diversified, scalable, and value-accretive renewable energy portfolio. Over the past several years, Oriano has systematically expanded its business model beyond EPC to include multiple high-growth verticals, including:
- RE Turnkey EPC
- EHV EPC (Substation & Transmission Solutions)
- Renewable Energy Park Development
- RE Asset Management & O&M Solutions
- Independent Power Producer (IPP)
Collectively, these capabilities position Oriano to capture growth across both utility-scale and commercial & industrial segments, ensuring to stable cash flows, margin-accretive services, and long-term asset ownership.
Commenting on the milestone, Lokendra Singh, Chief Executive Officer at Oriano Clean Energy, said:
“This PPA represents a entry into the IPPs business in the renewable energy segment. It also signals the steady evolution of Oriano into a platform company with diversified revenue streams, long-term visibility, and robust execution credentials. As we expand our asset base, we remain disciplined in project selection, capital deployment, and value creation to ensure each asset contributes meaningfully to our long-term returns.”
The PPA signing also reflects the strong investment climate for renewables in Gujarat, one of India’s most attractive markets for solar development. Oriano noted that the state’s transparent procurement process and grid infrastructure readiness provide a conducive environment for reliable and bankable renewable energy assets.
With India targeting 500 GW of non-fossil fuel capacity by 2030, the demand for high-quality, developer-backed renewable assets continues to increase. Oriano’s 57 MW project will contribute to this momentum while diversifying the company’s pipeline and enhancing its long-term earnings profile. The company intends to leverage its integrated capabilities — from EPC and transmission to O&M and asset management — to maximize lifecycle value from the project.
Oriano extended its appreciation to the GUVNL leadership and team for their support and efficient facilitation during the bidding and contracting phases. The company emphasized that its structured approach to project development, integrated capabilities, and consistent delivery track record remain central to its ability to win and execute competitive bids.
About Oriano Clean Energy
Oriano Clean Energy is one of India’s leading renewable energy companies with a diversified portfolio spanning RE Turnkey EPC, EHV EPC, Renewable Energy Park Development, RE Asset Management Services, and C&I IPP solutions. With a focus on disciplined capital allocation, operational excellence, and long-term value creation, Oriano delivers high-performance renewable energy assets that support India’s clean energy transition. Guided by its commitment to Energy Excellence Delivered, the company continues to expand its footprint across utility and C&I markets while building a strong pipeline of sustainable, revenue-generating projects.
