Adani Renewable bags 600 MW wind-solar hybrid project

The developer’s Gujarat business will supply power for Rs2.69 under a 25-year PPA after winning a tender conducted by the Solar Energy Corporation of India.

June 20, 2019 Preeti Verma Lal

Adani’s Gujarati business also landed a 250 MW wind power tender last month.

Image: Filpro/Wikimedia Commons

The Adani Renewable Energy Park (Gujarat) unit of Adani Green Energy Limited, has bagged 600 MW of wind-solar hybrid project capacity auctioned by the Solar Energy Corporation of India (SECI).

Adani will supply electricity for Rs2.69/kWh for 25 years under a power purchase agreement and the project capacity is expected to be commissioned by 2022.

“Adani Renewable Energy Park (Gujarat) Ltd (AREPGL), a wholly-owned subsidiary of Adani Green Energy, had won bids for setting up 600 MW ISTS [inter-state transmission system] connected wind-solar hybrid power projects in a tender issued by SECI,” the company said yesterday in a filing to the Bombay Stock Exchange.

Renewables portfolio

With the project, Adani’s portfolio of renewable generation capacity in India stands at 5.16 GW with 2.02 GW of operational projects and 3.14 GW in its development pipeline.

Last month, Adani’s Gujarat unit won the bid for setting up a 250 MW wind power project auctioned by SECI while Adani Green Energy (UP) commissioned a 50 MW solar project in Uttar Pradesh.

Headquartered in Ahmedabad, parent Adani Group has operational solar capacity of 1.2 GW with 810 MW under implementation. Besides PV plants in Punjab, Gujarat and Tamil Nadu, the company has also set up a 1.2 GW solar cell and module manufacturing unit in Mundra, Gujarat.

The company aims to install 10 GW of renewable generation capacity by 2022.

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