Adani Green Energy and SECI Sign an Agreement for the Supply of 1,799 MW of Solar Energy

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In order to supply 1,799 MW of solar power, Adani Green Energy (AGEL) announced on December 25 that it has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). According to a press release from the firm, AGEL has signed the remaining PPA, completing the power offtake tie-up for the whole 8,000 MW manufacturing-linked solar tender that the SECI awarded it in June 2020.
The announcement states that AGEL and the SECI have signed a PPA for the provision of 1,799 MW of solar energy. “We are happy to have closed the biggest green PPA and made the environment for sustainable energy possible.

Adani Green is committed to delivering more than 45 GW of renewable energy, a five-fold increase from our existing operating portfolio, in line with India’s goal of 500 GW of non-fossil fuel capacity by 2030, according to a statement from AGEL CEO Amit Singh.

AGEL has made progress in fulfilling its obligations under the SECI manufacturing-linked solar PV tender, which includes establishing facilities to produce 2 GW of PV cells and modules. According to AGEL, through its affiliated firm Mundra Solar Energy Ltd (MSEL), a solar PV cell and module production plant with a 2 GW annual capacity has already been put into operation.

The facility is situated in Gujarat’s Mundra. Through its wholly-owned subsidiary Adani Renewable Energy Holding Four Ltd., AGEL owns 26% of the shares of MSEL. As a result, Adani Green said that it now has 19.8 GW of tied PPAs, with the remaining merchant capacity in its 20.6 GW locked-in portfolio.

The announcement also stated that the portfolio is fully de-risked for the implementation of 45 GW capacity by 2030, with over 2 lac acres already committed to resource-rich areas of India.

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