Orient Green Power

About Orient Green Power

Incorporated in Chennai, India, on December 6, 2006, Orient Green Power Company Limited (OGPL) operates as an independent producer of renewable power. The company is part of the Shriram Group, a conglomerate founded in 1974 by R. Thyagarajan, AVS Raja, and T. Jayaraman. T. Shivaraman, who has been associated with the company since its inception and was one of its founders, currently serves as the Managing Director & CEO. He holds bachelor's and master's degrees in chemical engineering from the Indian Institute of Technology, Madras, and possesses extensive experience in plant operations and project engineering.

OGPL's primary business involves the generation and sale of power from renewable sources, with a strong focus on wind energy. The company develops, owns, and operates a diversified portfolio of wind energy power plants. Its business model centers on supplying wind power primarily to commercial and industrial (C&I) establishments, along with holding some capacity in Power Purchase Agreements (PPAs). Revenue is generated through the sale of this electricity and also from Renewable Energy Certificates (RECs), which provide a substantial income stream.

The company's asset portfolio consists of an aggregate installed capacity of 402.3 MW from wind power, with power plants located across the Indian states of Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka. Additionally, OGPL operates a 10.5 MW wind farm in Croatia, Europe. The target market comprises commercial and industrial clients, particularly export-oriented companies and multinational divisions aiming for carbon neutrality, which creates significant demand for renewable power. Looking forward, OGPL plans to expand its capacity to 1 GW, venturing into solar power and hybrid wind-solar models to provide 24/7 renewable power to its customers. This expansion includes repowering older wind turbine sites with new technology and setting up new solar projects.