Orient Green Power Company (OGPL) a leading pure play renewable energy generator in the country with a presence in wind and biomass energy has announced that its operating capacities now exceed 500 Mw.

Following the recent commissioning of 3 Biomass units in Narsinghpur (MP)-an unit of the company and Kishanganj,(Rajasthan) and Marikal (AP) units through its subsidiaries, the on ground operational capacity of the company now exceeds 500 mw, further cementing its position as one of the leading player in the renewable energy space. As of date, the company's operating capacity stands at 502 Mw comprising 416 Mw of wind assets and 86 mw of Biomass assets.

Commenting on the development, S. Venkatachalam, MD OGPL, said, ''I am pleased to announce that OGPL has achieved an important milestone of establishing operational capacity in excess of 500 Mw. Despite several well-known challenges in the power sector, we have soldiered on with our capacity addition plans to attain scale in both of our verticals. This milestone of 500 MW represents capacities which are installed and operating with fuel sourcing arrangements and power offtake contracts in place.

In addition to our existing capacity, we are close to commissioning another 40 Mw of capacity under our wind and biomass verticals which will help us to further consolidate our position as a leading player in the renewable energy business.

With a diverse portfolio of renewable energy assets, remunerative power supply contracts, a steadily increasing inventory of Renewable Energy Certificates and improving grid connectivity across the nation, we believe that we are well placed to deliver growth and accretive returns to our stakeholders.''

Shares of the company declined Rs 0.04, or 0.38%, to settle at Rs 10.60. The total volume of shares traded was 4,436 at the BSE (Monday).