 "Adani Green signs PPA for 8,000 Mw solar power with Solar Energy Corp")
Adani Green Energy on Monday said it had executed a power purchase agreement (PPA) to supply 1,799 megawatts (Mw) of solar power with the Solar Energy Corporation of India (SECI).
The company said: “With the signing of this balance PPA, Adani Green Energy has completed the power offtake tie-up for the entire 8,000 Mw manufacturing-linked solar tender awarded to it by SECI in June 2020, which set a record for being the world’s largest solar tender.”
With this, Adani Green now has tied up PPAs of 19.8 Gw. The balance in its 20.6 Gw locked-in portfolio is merchant capacity, the company said.
“Aligned to India’s target of 500 GW non-fossil fuel capacity by 2030, Adani Green is determined to deliver in excess of 45 GW renewable energy, a five-fold increase from our current operating portfolio,” said Amit Singh, Chief Executive Officer for the company. The statement added, with over 200,000 acres of land already tied up in resource-rich areas of India, the portfolio is fully de-risked for the execution of 45 GW capacity by 2030.