Adani Green Energy, a major player in renewable energy, has sealed a significant deal with the Solar Energy Corporation of India (SECI). This power purchase agreement involves the supply of an impressive 1,799 megawatts of solar power. Notably, this marks the completion of Adani’s commitment to the 8,000 MW manufacturing-linked solar tender, making it the world’s largest solar tender, awarded by SECI in June 2020.
In line with its obligations under the SECI manufacturing-linked solar photovoltaic tender, Adani Green Energy has made substantial progress. This includes the establishment of 2 gigawatts (GW) of photovoltaic cell and module manufacturing facilities. One such facility, with a capacity of 2 GW per annum, has already been commissioned by Adani Green through its associate company, Mundra Solar Energy. The manufacturing plant is situated in Mundra, Gujarat, and Adani Green holds a 26% stake in Mundra Solar Energy through its subsidiary, Adani Renewable Energy Holding Four Ltd.
The company has now secured power purchase agreements for a total of 19.8 GW, leaving the remaining capacity as merchant capacity in its locked-in portfolio of 20.6 GW. With access to over two lakh acres of land strategically located in resource-rich areas of Bharat, Adani Green Energy asserts that its portfolio is fully de-risked for the execution of a remarkable 45 GW capacity by 2030.
Amit Singh, the CEO of Adani Green Energy, expressed the company’s commitment to contributing to India’s decarbonization goals and supporting the vision of Atmanirbhar Bharat. Singh highlighted the significance of this achievement, stating, “We are glad to conclude the largest green PPA (Power Purchase Agreement) and enable a sustainable energy landscape.” Adani Green Energy aims to play a substantial role in achieving India’s target of 500 GW non-fossil fuel capacity by 2030, with plans to deliver over 45 GW of renewable energy, a five-fold increase from its current operating portfolio. The company emphasizes its dedication to providing affordable and accessible clean energy for a greener future.
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