Adani Green Energy (AGEL) has signed an agreement with the State Solar Corporation of India (SECI) to provide 4,667 MW of green energy.
This is the world’s largest green power purchase agreement (PPA) ever, according to a company statement.
Gautam Adani, President of Adani Group said, “This is another step in our journey towards realizing India’s dual goal of accelerating India’s renewable energy footprint as well as boosting manufacturing. in the country under the Aatmanirbhar Bharat programme”.
Following the proceedings at COP 26, there is growing evidence that the world must transition equitably to a low-carbon economy faster than previously anticipated, he noted.
“This is why the Adani Group has committed to invest between $50 and $70 billion in the renewable energy sector. This agreement puts us on track to our commitment to becoming a major renewable energy company. world by 2030,” added Adani.
The AGEL-SECI agreement provides 4,667 MW as part of an 8,000 MW production-linked solar power package awarded by SECI to AGEL in June 2020, setting a record as a solar development tender. the world’s largest ever awarded.
So far, AGEL has signed a PPA with SECI for a total generating capacity of nearly 6,000 MW out of a total of 8,000 MW awarded in 2020. Adani Green is expected to close the remaining 2000 MW PPA within 2-3 months. next.
