Orient Green Power Company, a Shriram Group firm, is contemplating increasing its enterprise into the inexperienced vitality sector because it goals to maximise present belongings.
The firm at its board assembly on December 23 stated it could discover hybrid options and have a mixture of photo voltaic and wind farms at its present areas.
The board additionally mentioned the alternatives accessible in inexperienced vitality all over the world. The authorities’s deal with the renewable vitality sector affords an ideal alternative for the corporate to increase its portfolio.
The board additionally took into consideration updates on progress on the rights concern. They additionally deliberated on enhancing worth for stakeholders.
The CEO of the corporate additionally defined the prospects for the enterprise to increase as much as 1 GW in renewable vitality within the subsequent two to a few years.
The board additional confirmed the appointment of a guide for a complete examine together with feasibility, financing and acceleration.
Orient Green is likely one of the largest unbiased producers of renewable vitality within the nation.
As of June 2022, the corporate has a portfolio of 402.3 MW of wind belongings unfold throughout the states of Tamil Nadu, Andra Pradesh, Gujarat, Karnataka, and in addition features a small 10.5 MW wind farm in Croatia.
The agency counts US-primarily based Bessemer Venture Partners and Olympus Capital Holdings Asia amongst its companions.
[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]