Key Takeaways
- LR Energy has signed a Power Purchase Agreement (PPA) with Omega Bright Steel for a captive solar project in Haryana.
- The project will have a capacity of 6 MWp (DC) / 5 MW (AC).
- The plant is designed to meet a significant portion of Omega Bright Steel’s electricity requirements with renewable power.
- The captive solar model is expected to support energy cost stability, power reliability and carbon-emission reduction.
The Lead
LR Energy has signed a Power Purchase Agreement (PPA) with Omega Bright Steel for a 6 MWp (DC) / 5 MW (AC) captive solar project in Haryana, marking another expansion of the renewable energy company’s presence in India’s commercial and industrial (C&I) renewable energy market.
The Context
The captive solar project is being developed to meet a significant portion of Omega Bright Steel’s electricity requirements through renewable energy. The integration of solar power is expected to reduce the company’s dependence on conventional power sources while supporting energy efficiency and its sustainability objectives.
The agreement comes as industrial businesses increasingly consider captive renewable power solutions to manage energy costs and reduce their environmental footprint. For LR Energy, the PPA further expands its activities in the C&I renewable energy segment.
According to LR Energy, the project is expected to offset carbon emissions and enable the use of clean electricity throughout the plant’s operational life. The captive model is also expected to provide long-term energy cost stability and improve power reliability for industrial operations.
Company Speaks
Commenting on the partnership, GS Barara, CEO and Director of LR Energy, said the collaboration reflects a shared focus on developing a cleaner industrial energy system.
“This collaboration reflects our shared vision of building a cleaner and more sustainable industrial ecosystem.”
Barara said LR Energy is looking forward to delivering a reliable solar energy solution that supports Omega Bright Steel’s long-term growth and contributes to India’s renewable energy goals.
The Bioenergy Business Analysis
The 6 MWp (DC) / 5 MW (AC) project underscores the role of captive solar power in helping industrial electricity consumers integrate renewable generation directly into their energy strategy. For Omega Bright Steel, the project is positioned to provide a significant share of electricity requirements from solar while improving cost predictability and power reliability.
For LR Energy, the PPA also reflects a broader renewable energy portfolio spanning solar power, compressed biogas (CBG), wastewater treatment and other renewable energy solutions. The agreement strengthens the company’s footprint in India’s C&I clean-energy market while extending its project pipeline beyond a single renewable technology.
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