Powerful Partnership with SECI
Adani Green Energy Ltd. has finalized a significant power purchase agreement with Solar Energy Corporation of India (SECI) for a colossal 1,799-megawatt solar power supply.
Completing the World’s Largest Solar Tender
This agreement marks the completion of Adani Green’s power offtake tie-up for SECI’s 8,000 MW manufacturing-linked solar tender, solidifying its position as the largest tender of its kind globally. The tender was initially awarded in June 2020.
Milestone Achievements and Commissioning
Adani Green has made commendable progress in fulfilling tender commitments, including the commissioning of a solar PV cell and module manufacturing plant with a substantial 2-gigawatt per annum capacity. This facility, operated by associate company Mundra Solar Energy Ltd., contributes significantly to Adani Green’s renewable energy initiatives.
Strategic Stakes and Power-Purchase Partnerships
Adani Green, through its wholly owned subsidiary Adani Renewable Energy Holding Four Ltd., holds a substantial 26% stake in Mundra Solar Energy Ltd. With this latest power purchase agreement, Adani Green strengthens its position in tied-up power-purchase commitments, emphasizing its dedication to sustainable energy solutions.
Future Prospects in Renewable Energy
As Adani Green concludes this major power deal, it reinforces its commitment to advancing India’s renewable energy landscape. The company’s strategic initiatives and achievements contribute to the nation’s renewable energy goals, setting the stage for a greener and more sustainable future.
In summary, Adani Green’s recent power purchase agreement is a significant milestone in the renewable energy sector, underscoring the company’s dedication to fostering sustainable and impactful solutions.
Source：bloombergquint.com
