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

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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

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

June 21, 2024
Solar PV is expected to generate 20% of global power across midday peaks on the summer solstice in the northern hemisphere, up from 16% in 2023.
June 21, 2024
PV Tech Premium talks to Nextracker president Howard Wenger about the company's business, expansion plan and R&D spending. 
June 20, 2024
Greater supply chain independence is a priority for companies in the solar sector, according to Hardeep Singh at Intersolar Europe 2024.
June 20, 2024
European Energy is seeking Queensland government approval to pursue a 1.3GWp (1.1GWac) solar PV project in Australia.
June 18, 2024
Indian solar module manufacturer Vikram Solar has signed a 393.9MW module supply agreement to supply the Khavda Solar park in the state of Gujarat.
June 18, 2024
Global solar installations increased by 87% year-on-year in 2023 as China continued to dominate growth, according to SolarPower Europe.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia