Adani Green Energy inks pact with Solar Energy Corporation of India for supply of 1,799 MW solar power

 

Adani Green Energy( AGEL) on Monday said it has  inked a power purchase agreement( PPA) with the Solar Energy Corporation of India( SECI) to supply 1,799 MW of solar power.    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  blazoned the  prosecution of a PPA with the SECI to supply 1,799 MW of solar power.  " We're glad to conclude the largest green PPA and enable a sustainable energy  geography. Aligned to India's target of 500 GWnon-fossil energy capacity by 2030, Adani Green is determined to deliver in excess of 45 GW renewable energy, afive-fold increase from our current operating portfolio," Amit Singh, CEO, AGEL, said in the statement. 

  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  installations.   AGEL has  formerly commissioned a solar PV cell and module manufacturing factory with a capacity of 2 GW per annum through its associate company Mundra Solar Energy Ltd( MSEL), it stated.  

 The factory is located at Mundra, Gujarat. AGEL holds 26 per cent shares of MSEL through its wholly-  possessed attachment Adani Renewable Energy Holding FourLtd.   With this, Adani Green now has tied up PPAs of19.8 GW and the balance is  trafficker capacity in its20.6 GW locked- in portfolio, it stated.  

 With over 2 lac acres of land  formerly tied up in resource rich areas of India, the portfolio is completelyde-risked for  prosecution of 45 GW capacity by 2030, the statement added.   Except for the caption, this story has not been edited by The Telegraph Online staff and has been published from a distributed feed. 

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