Oriana Power Signs MoU with Invest Alberta for $1 Billion Clean Energy Push

Oriana Power has taken a bold stride towards global expansion, announcing a strategic Memorandum of Understanding (MoU) with Canada’s Invest Alberta Corporation. The company, formerly Oriana Power Private Limited, is poised to invest up to $1 billion in renewable energy ventures spanning green hydrogen, e‑methanol and battery storage in Alberta. It’s a significant leap from its core India-centric solar project portfolio.

Canadian Expansion Plans

Under the newly signed MoU, Oriana and Invest Alberta will jointly explore and develop a vertically integrated clean energy complex in Alberta. The collaboration commits an initial investment of $USD 300 million, with room to scale up to $1 billion over 5 years, depending on viable project opportunities.

Strategic Intent and Partnerships 

Anirudh Saraswat, Chief Business Officer at Oriana, stated, “Alberta is emerging as a key market for Oriana… We are excited to partner with IAC to bring world‑class renewable energy innovation to Canada.”

Rick Christiaanse, CEO of Invest Alberta, echoed this, adding, “This partnership aligns with Alberta’s strategy to attract global leaders in clean technology …and contribute to sustainable economic growth.”

Indian Home Base Remains Vital

Oriana continues to consolidate its domestic presence, with over 500 MW of solar assets currently operating and plans to reach 2 GW by year‑end. Its projects include Battery Energy Storage Systems totalling 650 MWh, green hydrogen facilities, and compressed biogas units, marking its transition into a TrueRE company.

Also Read: CFF Fluid Signs Strategic MoU with Garden Reach for Naval Collaboration!

Oriana Power Share Price Performance 

As of 17 July 2025, at 10:42 AM, Oriana Power Limited’s share price is trading at ₹2,446 per share, reflecting a rise of 1.72%  from the previous closing price. Over the past month, the stock has surged by approximately 9.38%.

Conclusion

Oriana Power’s Alberta MoU signals an ambitious step in its evolution from an India‑focused solar developer into a global clean energy player. With robust domestic execution and carefully planned international ventures, the company aims to cement its status as a renewable powerhouse in both hemispheres, while delivering tangible shareholder value.

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