Adani Green Energy signs deal with SECI to supply 4,667 MW Renewable Power

(EPT): Adani Green Energy Ltd (AGEL) has signed deal with Solar Energy Corporation of India (SECI) to supply 4,667 MW of green energy.

This is the world’s largest-ever green power purchase agreement (PPA), the company said in a statement.

Chairman of the Adani Group Gautam Adani, said, “This is yet another step in our journey to enable India’s twin objective of promoting domestic manufacturing under the Atmanirbhar Bharat programme, while accelerating India’s renewable energy footprint.”

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.

Adani said, “That is why the Adani Group has committed to invest 50-70 billion dollars in the renewable energy sector. This agreement puts us well on track for our commitment to become the world’s largest renewable energy company by 2030. “

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, 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.