New Delhi: Adani Green Energy (AGEL), the renewable energy arm of diversified conglomerate Adani Group, has inked a pact with state-run Solar Energy Corporation of India (SECI) to supply 4667 Mw of green energy.
According to a company statement, this is the world’s largest ever green power purchase agreement (PPA).
“This is yet another step in our journey to enable India's dual objective to accelerate India's renewable energy footprint as well as promote domestic manufacturing under the Aatmanirbhar Bharat programme, said Chairman of the Adani Group Gautam Adani.
Following the proceedings at COP 26, it is increasingly evident that the world has to equitably transition to a low carbon economy faster than previously anticipated, he noted.
This is why Adani Group has committed $50-$70 billion of investment in the renewables space. This agreement keeps us well on track to our commitment to become the world’s largest renewables player by 2030,” Adani added.
The Adani Green Energy-Solar Energy Corporation of India agreement to supply 4,667 Mw is part of a manufacturing-linked solar tender of 8,000 Mw awarded to AGEL by SECI in June 2020, which set a record for being the world's largest solar development tender ever awarded.
So far, Adani Green Energy has signed PPAs with Solar Energy Corporation of India for a total generation capacity of close to 6,000 Mw of the 8,000 Mw awarded in 2020. Adani Green Energy expects to close the balance 2,000 Mw PPA in the next two to three months.