Oriana Power to invest INR 10,000 in Rajasthan’s RE sector

This will cover solar, and energy storage projects.

Oriana Power has signed a memorandum of understanding with the Government of Rajasthan to invest INR 10,000 crore in the state’s renewable energy sector.

In a bourse filing, the company said this is under the "Rising Rajasthan 2024" initiative. Some of the projects to be developed are solar power, floating solar, green hydrogen, and energy storage solutions.

“The financial and operational impact on the company will be disclosed in alignment with project-specific milestones as and when they materialise,” the company said.