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Adani Green Energy Limited will construct a 600MW hybrid clean energy power plant in India.
- The plant’s power will be sold at a tariff of $0.033/kWh for the 25 years duration of the PPA.
Adani Renewable Energy Holding Eight Limited (AREHEightL) a subsidiary of Adani Green Energy Limited has been selected to construct a 600MW wind-solar hybrid power project in India following an auction by the Solar Energy Corporation of India (SECI).
Construction of the power plant is scheduled to be completed 18 months from the power purchase agreement (PPA). The project will sell the power generated at a fixed tariff of INR 2.41/kWh ($0.033/kWh) for 25 years.
According to Vneet S. Jaain, MD and CEO, Adani Green Energy Ltd, “Adani Green is committed to ramping up creating a sustainable ecosystem for transitioning towards a greener future. The Letter of Award for 600 MW wind-solar hybrid power project is in line with our ambition to achieve a renewable power capacity of 25 GW by 2025 and become the world’s largest renewable power company by 2030 and contribute significantly towards India’s decarbonization targets. It also strengthens AGEL’s leadership position in the wind, solar and hybrid power generation in India.”
This new project brings Adani Green Energy’s total renewable energy capacity to 14,795MW, with about 2,950MW operational and 11,845MW currently under implementation.