Mumbai based, solar energy EPC firm, Oriano Solar has successfully completed two 20 megawatt (MW)ac photovoltaic (PV) power plants, totally 40 MWac for First Solar, Inc. (Nasdaq: FSLR) in the state of Karnataka, in Gadag and Belagavi districts respectively.
Oriano Solar’s scope was turnkey EPC of the two projects, which are designed to collectively generate approximately 82.83MWh/annum of solar energy under a 25-year Power Purchase Agreement with the state owned distribution utility companies in Karnataka. The project is based on First Solar’s CdTe thin film PV modules, leveraging the latest 1500V inverter architecture. During the construction phase, the projects had more than 725 people working at the site.
“This is Oriano’s first project with thin film modules, and their commitment to deliver on time within budgets was exemplary,” said Sujoy Ghosh, Country Head, for First Solar in India.
Speaking on this occasion, Yeshwant Rao, Co-founder & MD, Oriano Solar said, “Both the Oriano and First Solar teams worked seamlessly in delivering this project on schedule and building a high-performance PV plant. The expected plant performance ratio is approx. 81%, thereby giving better energy yield.”
About Oriano Solar
Oriano Solar, specialized in providing solar solutions, was founded by Sachin Jain, Yeshwant Rao and Sameer Shah in June 2015, and has received funding from Samridhi fund (managed by SIDBI Venture Capital and backed by institutions like UK’s DFID, SIDBI, LIC and UIIC) and Caspian Impact Investments.
Oriano has executed 125 MW of projects (Utility-Scale and Rooftops) in India and is working on advance-stage pipeline of over 200 MW of projects in the next financial year where it brings capability to manage solar farm infrastructure like land, turnkey EPC and transmission line. Oriano Solar recently received “Solar PV EPC Company of the Year – Utility Scale < 50 MW” – Gold by India Solar Week Excellence Awards. Oriano was also awarded “Energy Startup of the Year” at the Entrepreneur India 2016 Awards in association with ET NOW and “TECH30 company of the year” at TechSparks 2016 by YourStory Media.