Mumbai
Adani Green Energy Ltd (AGEL) has successfully executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for 1,799 MW of solar power over a period of 25 years. This completes the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded by SECI in June 2020, the world’s largest tender for solar power. AGEL CEO Amit Singh stated that the company has fulfilled the largest green PPA, supporting India’s decarbonization goals and contributing to the Atmanirbhar Bharat initiative. He emphasized AGEL’s commitment to delivering over 45 GW of renewable energy, a five-fold increase from the current operating portfolio, aligning with India’s target of 500 GW non-fossil fuel capacity by 2030. As part of AGEL’s commitments to SECI’s solar PV tender, including setting up 2 GW of PV cell and module manufacturing facilities, the company has commissioned a 2 GW per annum solar PV cell and module manufacturing plant through its associate Mundra Solar Energy Ltd. With the completion of this PPA, AGEL has secured PPAs for 19.8 GW, with the remaining capacity in its 20.6 GW locked-in portfolio as merchant capacity. The portfolio is fully de-risked for executing 45 GW capacity by 2030, with over 200,000 acres of land tied up in resource-rich areas across 12 states in India. AGEL develops, owns, and operates utility-scale grid-connected solar, wind, and hybrid renewable power plants. The company’s current operating renewable portfolio is 8.4 GW, the largest in India, offsetting over 41 million tonnes of CO2 emissions cumulatively. AGEL is known for developing landmark renewable energy power plants, including the world’s largest wind-solar hybrid power cluster of 2,140 MW in Jaisalmer, Rajasthan.
