Adani Green Energy Limited (AGEL) has contracted with SECI to supply 1,799 MW of solar power. AGEL was the winner of the 8,000 MW manufacturing-linked solar tender.
AGEL signed a PPA with SECI on Monday to deliver 1,799 MW of solar power. It said this balanced PPA completes the electricity offtake agreements for the 8,000 MW manufacturing-linked solar tender awarded to AGEL by SECI in June 2020.
AGEL will supply 1,799 MW of solar power
AGEL and SECI signed a PPA to supply 1,799 MW of solar power, the statement added. “We are proud to complete the largest green PPA and promote sustainable energy. To reach India’s 500 GW non-fossil fuel capacity target by 2030, Adani Green aspires to deliver over 45 GW of renewable energy, five times our current operating portfolio “AGEL CEO Amit Singh declared.
After the SECI manufacturing-linked solar photovoltaic tender, Adani Group established 2 GW of PV cell and module manufacturing facilities. “AGEL has already commissioned a solar PV cell and module manufacturing plant with a capacity of 2 GW per annum through its associate company Mundra Solar Energy Ltd (MSEL),” noted.
Adani Green has 19.8 GW PPAs.
The plant located in Mundra, Gujarat. Through its fully owned subsidiary Adani Renewable Energy Holding Four Ltd., AGEL owns 26% of MSEL.
Adani Green said it now has 19.8 GW of PPAs and 20.6 GW of merchant capacity locked-in. The statement stated that the portfolio is fully de-risked for 45 GW capacity by 2030 with over 2 lac acres of land in resource-rich India.
Adani Green supports India’s decarbonisation and Atmanirbhar Bharat aims. Adani Green Energy CEO Amit Singh said he was pleased to sign the largest green PPA and enable sustainable energy.
Adani Green aims to deliver over 45 GW of renewable energy, five times more than our current portfolio, to meet India’s 500 GW non-fossil fuel capacity target by 2030. We will continue to deliver affordable and accessible sustainable energy “Singh added.
Conclusion
Adani Green Energy Limited (AGEL) has contracted with SECI to supply 1,799 MW of solar power. The power offtake agreements for AGEL’s June 2020 8,000 MW manufacturing-linked solar tender are complete. AGEL is fully de-risked to deliver 45 GW of renewable energy by 2030, five times its existing operating portfolio. Through its affiliate Mundra Solar Energy Ltd., the company has commissioned a 2 GW solar PV cell and module production unit.
