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Bangalore 251–500 employees Solar · Wind · Energy storage ayanapower.com
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Ayana Renewable Power
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About Ayana Renewable Power

Company Overview

Name

Ayana Renewable Power Private Limited, a privately held company fully acquired by ONGC NTPC Green Private Limited in 2025

Headquarters

Bangalore, India

Founded

2017

Size

Approximately 800 employees globally (source: reveliolabs.com) and enterprise value of about $2.3 billion as of 2025 (source: bii.co.uk)

What They Do

Ayana Renewable Power is an independent power producer focused on developing, owning, and operating utility-scale renewable energy assets across India. Their portfolio includes solar, wind, hybrid, and round-the-clock renewable energy projects, alongside a pilot green-hydrogen initiative, positioning them as a comprehensive clean power supplier rather than a pure equipment vendor or technology software company (source: ayanapower.com). The company targets long-term clean power supply contracts primarily for industrial and grid customers, emphasizing large-scale utility projects with a strategic footprint spanning multiple Indian states such as Andhra Pradesh, Tamil Nadu, Karnataka, Rajasthan, and Gujarat (source: ayanapower.com). Ayana aims to expand its contracted capacity to more than 8 GW AC by 2028, reflecting its rapid growth and ambition within India's renewable energy sector (source: ayanapower.com). Their business model integrates greenfield development with strategic acquisitions, enabling them to scale efficiently and win complex contracts for dispatchable clean power (source: odi.org).

Projects & Track Record

Ayana Renewable Power has built a significant portfolio of utility-scale renewable projects across India, with an operating capacity of approximately 1.61 GW as of late 2024 and an additional development pipeline of about 2.5 GW expected to commission by FY2027 (source: icra.in). Their cumulative portfolio, including operational and under-construction assets, reached around 4.1 GW by mid-2020s (source: odi.org). Notable projects include a 300 MW round-the-clock renewable energy contract awarded in 2023 for REMCL, a joint venture of the Ministry of Railways and RITES, delivered through their subsidiary Project Nine Renewable Energy, which integrates solar, wind, and storage technologies (source: ayanapower.com). Additionally, they secured a 330 MW renewable energy agreement with Hindalco Industries in 2023, including 100 MW of round-the-clock renewable power, and a 300 MW grid connection contract with Hitachi Energy the same year (source: ayanapower.com). Their geographic footprint spans multiple Indian states, reflecting a diversified and large-scale approach to renewable energy generation (source: ayanapower.com).

Recent Developments

In 2023, Ayana Renewable Power achieved several key milestones, including winning a 300 MW round-the-clock renewable energy project for REMCL, significantly expanding their portfolio with integrated solar, wind, and storage assets (source: ayanapower.com). That year also saw the signing of a 330 MW renewable energy pact with Hindalco Industries, which included a substantial 100 MW of renewable round-the-clock power, enhancing their industrial customer base (source: ayanapower.com). Additionally, Ayana secured a 300 MW grid connection contract from Hitachi Energy, further strengthening their infrastructure capabilities (source: ayanapower.com). The most significant corporate event occurred in 2025 when ONGC NTPC Green Private Limited completed the acquisition of 100% ownership of Ayana Renewable Power from previous shareholders including NIIF, British International Investment, and Eversource Capital, at an enterprise value of approximately INR 195 billion ($2.3 billion) (source: bii.co.uk).

Working There

Ayana Renewable Power offers a variety of roles across project development, engineering, procurement, construction management, grid integration, asset management, operations and maintenance, energy trading, finance, legal, land acquisition, policy, and business development. These functions support their diverse portfolio of solar, wind, hybrid, round-the-clock renewable, and green hydrogen projects (source: ayanapower.com). The company’s headquarters and primary hiring location is Bengaluru, India, where formal teams exist for human resources, business development, compliance, and communications, reflecting a structured corporate environment (source: ayanapower.com). Ayana describes itself as one of India’s largest and fastest-growing renewable energy companies, with a growth plan targeting more than 8 GW AC of contracted capacity by 2028, indicating ongoing expansion and recruitment opportunities (source: ayanapower.com).

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