Adani Green Energy inks pact with SECI for supply of 1,799 MW solar power – EQ
In Short : Adani Green has signed an agreement to supply 1,799 megawatts of solar power to the Solar Energy Corporation of India (SECI). This significant pact strengthens Adani Green’s role in contributing to India’s renewable energy landscape and supports the country’s sustainable energy goals.
In Detail : 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.
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.
