We have mitigated about 2.5 Lac tonnes of CO2 as on March 2015. Orange Renewable currently has 182.4 MW of operating wind capacity with a further 350 MW under construction and over 600 MW under development in various states across India. We have equity of over USD 100 million invested in Indian SPVs to implement various wind projects.
Recently commissioned 100.5 MW in Madhya Pradesh (MP) and 22.5 MW in Rajasthan (March 2015). Our plan is to become one of the leading clean and renewable energy companies in the nation by targeting more than 2000 MW of renewable power generation by 2018.
Pr
Projects
ojects
wind energy
Electricity from wind energy is one of the fastest growing methods of electrical generation in the world. Kinetic energy from moving air is converted into electricity by wind turbines that are mounted in locations where there are favorable weather patterns.
The worldwide installed capacity of wind power reached 282,482 MW by the end of 2012. India has a total installed capacity of 18,421 MW (by 2012). The short gestation periods for installing wind turbines, and the increasing reliability and performance of wind energy machines has made wind power a favored choice for capacity addition in India.
Wind Energy - existing projects
Project
Location
Location
COD
Installed Capacity
Wind Turbined Used
PPA Duration
Tariff
Bhesada
(Rajasthan)
(Rajasthan)
March 2013
39.9 MW
Suzlon S88
25 Years
INR 5.18 / KWh (+4%)
Dalot
(Rajasthan)
(Rajasthan)
March 2013
19.5 MW
ReGen V-82
25 Years
INR 5.44 / KWh (+4%)
Dalot-Devgarh
(Rajasthan)
(Rajasthan)
March 2015
22.5 MW
ReGen V-87
25 Years
INR 5.93 / KWh (+2.5%)
Mamatkheda
(Madhya Pradesh)
(Madhya Pradesh)
April 2015
100.5 MW
ReGen V-87
25 Years
INR 5.92 / KWh
Khanapur
(Maharashtra)
(Maharashtra)
Oct 2015
24 MW
Gamesa G-97
13 Years
INR 5.70 / KWh
Project
Location
Location
COD
Installed Capacity
Wind Turbined Used
Expected Tariff
Khanapur
(Maharashtra)
(Maharashtra)
December 2015
10 MW
Gamesa G97
INR 5.70 / KWH
Bercha
(Madhya Pradesh)
(Madhya Pradesh)
March 2016
50 MW
Gamesa G97
INR 5.92 / KWH
Nimbagallu
(Andhra Pradesh)
(Andhra Pradesh)
May 2016
100 MW
Gamesa G97
INR 5.83 / KWH + tax pass through
Beluguppa
(Andhra Pradesh)
(Andhra Pradesh)
50 MW by July'16,
50 MW by Oct'16
100.8 MW
Suzlon S111
INR 4.83 / KWH + tax pass through
Agar
(Madhya Pradesh)
(Madhya Pradesh)
March 2017
100 MW
Gamesa G97
INR 5.92 / KWH
solar energy
Orange has been actively participating in the solar competitive bidding regime and started bidding from the Punjab 500 MW State Policy tender. In all Orange has successfully participated for about more than 1GW in the various NSM and State competitive biddings.
Currently Orange has a pipeline of 100 MW solar projects in the state of Maharashtra under JNNSM Phase-II Batch-III, Tranche-I, VGF Scheme of Solar Energy Corporation of India Limited. Orange is targeting to build own and operate 1GW of solar projects across India under various state and central schemes by 2017.
Business highlights of the past
and current year
Orange started to bid in solar competitive bidding from Sep 2015 and has secured its 1st Solar project of 100 MW in less than 6 months of operations. We are going very aggressive and targeting a large portfolio in the central schemes.
Orange is planning to develop Solar Power projects in India and is currently bidding for Solar Power projects across India. Orange plans to develop 1 GW + portfolio by 2019.
What is the company's current order
book position?
Orange has participated in the international competitive bidding organized by SECI Under JNNSM Phase-II Batch-III, Tranche-I, wherein SECI had invited proposals for setting up of grid connected Solar PV Projects in the state of Maharashtra, India on “Build Own Operate” basis for an aggregate capacity of 500 MW. This scheme is divided in to two parts: Part-A (50MW) & Part-B (450MW). Orange Renewable had successfully participated in the part B of the tender & secured 100 MW Project in the reverse auction held on 22nd Jan 2016. Total investment for these projects is envisaged to the approximately INR. 700 Crores.
Brief us about your
ongoing projects
Orange is developing 2 x 50 MW of projects in Maharashtra which has been awarded in the recent reverse auction held Under JNNSM Phase-II Batch-III, Tranche-I of VGF Scheme by Solar Energy Corporation of India Limited. These projects would be located in the Norther region of Maharashtra for which Orange will acquire about 650 acres of land and total investment in the projects would be about INR. 700 Crores.
Hydro energy
Hydroelectric power is a clean source of energy that neither pollutes nor is consumed during its operation. It eliminates the cost of fuel, making it immune to price increases of fossil fuels.
The present installed capacity in India is approximately 37,367.4 MW which is 21.53% of total installed power generation capacity in India. Orange is bidding for Hydro projects in India and also looking at acquisition opportunities to build its Hydro portfolio.