In what could be the world’s largest green power purchase agreement, Adani Green Energy has entered into an agreement with SECI to supply over 4,500 mw of green power.
In a release, Adani Green Energy Ltd (AGEL), the renewable energy arm of the Adani Group, said that it has entered into a power purchase agreement with Solar Energy Corporation of India (SECI) to supply 4,667 mw of green power. “This is the world’s largest ever green power purchase agreement,” the release noted.
The AGEL-SECI 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, AGEL has signed PPAs with SECI for a total generation capacity of close to 6,000 mw of the 8,000 mw awarded in 2020. AGEL expects to close the balance 2,000 mw MW PPA in the next two to three months.
World’s largest renewable energy player
Commenting on the development, Gautam Adani, Chairman of the Adani Group, said, “We are pleased to have signed the world’s largest PPA with SECI. This is yet another step n our journey to enable India’s dual objective to accelerate India’s renewable energy footprint as well as promote domestic manufacturing under the Atmanirbhar Bharat programme.”
“Following the proceedings at COP26, it is increasingly evident that the world has to equitably transition to a low carbon economy faster than previously anticipated. This is why the 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.
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Mega tender
It may be recalled that Adani Green Energy Four Ltd, a wholly-owned subsidiary of Adani Green Energy Ltd had participated in a tender issued by SECI and was awarded a PPA capacity of 8 GW solar generation projects linked with setting up of 2 GW solar photovoltaic and module manufacturing capacity.
