Indian IPP Ayana inks 100MW round-the-clock PPA in Odisha

September 5, 2023
Facebook
Twitter
LinkedIn
Reddit
Email
Ayana will develop 330MW of solar and wind capacity to power Hindalco’s smelter plants in Odesha. Image: Engie.

Indian independent power producer (IPP) Ayana Renewable Power has signed a power purchase agreement (PPA) with metallurgical company Hindalco to supply 100MW of round-the-clock (RTC) renewables.

The capacity will provide electricity to Hindalco’s smelter plants in the eastern state of Odisha, India, as the aluminium industry requires reliable and continuous power.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

In order to provide RTC renewables to the smelter plants, the Indian IPP is set to develop 330MW of solar and wind power capacity and will also utilise pumped hydro storage solutions in partnership with renewables company Greenko Energies.

This is not the first of such projects Greenko has been part of, as it partnered with steel manufacturer ArcelorMittal to develop a nearly 1GW RTC wind and solar project in the state of Andhra Pradesh, which is expected to be fully operational by mid-2024.

Hybrid projects have been trending in India lately as one of the emerging investment opportunities, with more and more companies and utilities seeking RTC renewable energy projects. Among them are the 250MW solar-wind hybrid project from Tata Power, a 300MW hybrid project from retail giant Amazon, a third tender seeking 2.5GW RTC renewables energy from state-owned Solar Energy Corporation of India, and an expression of interest from state-owned power trading entity NVVN for RTC renewable energy, as covered by our sister site Energy-Storage.news.

Shivanand Nimbargi, MD & CEO of Ayana Renewable Power, said: “At Ayana Renewable Power, we are resolutely committed to steering India’s energy transition journey. Our latest project marks a pivotal milestone as we deliver 100 MW of uninterrupted, carbon-free power round-the-clock – a pioneering feat in the industrial segment.”

Moreover, the Indian IPP has a portfolio of 5GW of solar, wind and hybrid power projects currently under development and management, located across several Indian states, including Andhra Pradesh, Tamil Nadu, Karnataka, Rajasthan, and Gujarat. The company is targeting a 10GW portfolio by 2025.

Read Next

October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 15, 2025
Wood Mackenzie has warned of a supply bottleneck as the renewable energy shift drives a spike in global copper demand over the next decade.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).
October 14, 2025
India has installed 4.9GW of residential rooftop solar capacity in the first half of 2025, according to a report by IEEFA and JMK Research.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK