Adani Green inks pact to supply 1,799 MW solar power to SECI

PTI

New Delhi, December 25

Adani Green Energy (AGEL) on Monday said it has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power.

Targets 45 GW capacity by 2030

• With the signing of this balance power purchase agreement, AGEL has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded to it by the SECI in June 2020
• Aligned to India’s target of 500 GW non-fossil fuel capacity by 2030, Adani Green is determined to deliver in excess of 45 GW renewable energy, a five-fold increase from its current operating portfolio

With the signing of this balance PPA, AGEL has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded to it by the SECI in June 2020, a company statement said.

According to the statement, AGEL has announced the execution of a PPA with the SECI to supply 1,799 MW of solar power.

“We are glad to conclude the largest green PPA and enable a sustainable energy landscape. Aligned to India’s target of 500 GW non-fossil fuel capacity by 2030, Adani Green is determined to deliver in excess of 45 GW renewable energy, a five-fold increase from our current operating portfolio,” Amit Singh, CEO, AGEL, said.

AGEL has progressed on the commitments of the SECI manufacturing-linked solar PV tender, including setting up 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), it stated.

The plant is located at Mundra, Gujarat. AGEL holds 26% shares of MSEL through its wholly-owned subsidiary Adani Renewable Energy Holding Four Ltd.

#Gautam Adani #solar energy