Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power for 25 years

The Adani Green Energy Ltd (AGEL) has executed a power buy settlement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a interval of 25 years, an official stated on Monday.

With this, the Adani Green has accomplished the power offtake tie-up for the whole 8,000-MW manufacturing-linked solar tender awarded by the SECI in June 2020, which was the world’s largest tender for solar power.

AGEL CEO Amit Singh stated that the corporate has concluded the most important inexperienced PPA to allow a sustainable vitality panorama as a part of its dedication to reaching India’s decarbonisation targets and contributing to the Atmanirbhar Bharat initiative.

“Aligned to India’s goal of 500 GW non-fossil gasoline capability by 2030, Adani Green is decided to ship in extra of 45 GW renewable vitality, a five-fold improve from our present working portfolio. This reaffirms our resolve to supply inexpensive and accessible clear vitality,” stated Singh.

Progressing on the Adani Green ‘s commitments to the SECI’s solar PV tender together with establishing a 2-GW of PV cell and module manufacturing services, the corporate has commissioned a 2-GW every year solar PV cell and module manufacturing plant by means of its affiliate Mundra Solar Energy Ltd..

The MSEL is positioned at Mundra in Gujarat during which AGEL holds 26 per cent shares by means of its wholly-owned subsidiary Adani Renewable Energy Holding Four Ltd.

With this, Adani Green has tied up PPAs of 19.8-GW and the steadiness is service provider capability in its 20.6-GW locked-in portfolio, stated Singh.

The portfolio is absolutely de-risked for execution of 45-GW capability by 2030, with over 200,000 acres of land already tied up in useful resource wealthy areas of India in 12 states.

Adani Green develops, owns, and operates utility-scale grid-connected solar, wind and hybrid renewable power vegetation.

With a locked-in progress trajectory as much as 20.6 Gigawatt (GW), AGEL at the moment has an working renewable portfolio of 8.4 GW, the most important in India, offsetting over 41 million tonnes of CO2 emissions cumulatively.

Adani Green is credited with creating a number of landmark renewable vitality power vegetation, the most recent being the world’s largest wind-solar hybrid power cluster of two,140 Megawatt (MW) in Jaisalmer, Rajasthan.

Adani Green is targeted on leveraging expertise to cut back the Levelised Cost of Energy (LCOE) in pursuit of enabling giant scale adoption of inexpensive clear vitality.

Adani Green ‘s working portfolio is licensed ‘water constructive for vegetation of greater than 200 MW capability’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testomony to the corporate’s dedication of powering sustainable progress.

(With inputs from IANS)