New Delhi: Adani Green Energy Limited (AGEL) on Monday stated it has finalised an influence buy settlement (PPA) with the Solar Energy Corporation of India (SECI) to ship 1,799 MW of solar energy. The signing of this balanced PPA marks the completion of the facility offtake agreements for the complete 8,000 MW manufacturing-linked solar tender awarded to AGEL by the SECI in June 2020, in line with a press release from the corporate.
AGEL to supply 1,799 MW of solar energy
According to the assertion, AGEL has introduced the execution of a PPA with the SECI to supply 1,799 MW of solar energy. “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, stated within the assertion.
The Adani Group firm has progressed on the commitments of the SECI manufacturing-linked solar photovoltaic tender, together with organising 2 GW of photovoltaic cell and module manufacturing amenities. “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 said.
Adani Green now has tied up PPAs of 19.8 GW
The plant is situated at Mundra, Gujarat. AGEL holds 26 per cent shares of MSEL by way of its wholly-owned subsidiary Adani Renewable Energy Holding Four Ltd.
With this, Adani Green now has tied up PPAs of 19.8 GW and the stability is service provider capability in its 20.6 GW locked-in portfolio, it said. With over 2 lac acres of land already tied up in resource-rich areas of India, the portfolio is totally de-risked for execution of 45 GW capability by 2030, the assertion added.
“Adani Green is committed to not only enabling India’s decarbonisation goals but also contributing towards the Atmanirbhar Bharat vision. We are glad to conclude the largest green PPA and enable a sustainable energy landscape,” stated Amit Singh, CEO, Adani Green Energy.
“Aligned to the 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. This reaffirms our resolve to provide affordable and accessible clean energy,” Singh added.
(With businesses enter)
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