Adani Green Signs PPA With SECI

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  • Adani Green has already initiated operations at a solar PV cell and module manufacturing plant in Mundra, Gujarat
  • The SECI tender encompasses the establishment of 2 gigawatts (GW) of photovoltaic (PV) cell and module manufacturing facilities

Adani Green Energy Ltd has recently signed an agreement with Solar Energy Corporation of India (SECI). The deal is for the supply of 1,799 megawatts of solar power.

 “With this, Adani Green now has tied up PPAs of 19.8 (gigawatt), and the balance is merchant capacity in its 20.6 GW locked-in portfolio,” shared a news portal.

“With over (200,000) acres of land already tied up in resource-rich areas of India, the portfolio is fully de-risked for execution of 45 GW capacity by 2030,” it added.

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Amit Singh, CEO of Adani Green Energy, said the power purchase agreement with SECI aligned with India’s target of 500 GW of non-fossil fuel capacity by 2030.

“Adani Green is determined to deliver in excess of 45 GW of renewable energy, a five-fold increase from our current operating portfolio,” he said.

The SECI tender encompasses the establishment of 2 gigawatts (GW) of photovoltaic (PV) cell and module manufacturing facilities.

Adani Green has reported that it has already initiated operations at a solar PV cell and module manufacturing plant in Mundra, Gujarat, with an annual production capacity of 2 GW. This facility is operated through its affiliate, Mundra Solar Energy Ltd. Adani Green has a 26% stake in MSEL, achieved through its wholly-owned subsidiary, Adani Renewable Energy Holding Four Ltd.

The Solar Energy Corporation of India, formed under the Ministry of New and Renewable Energy, was created to facilitate the execution of India’s ‘National Solar Mission.’

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