Records another milestone in its vision to become the world’s largest renewables company by 2030
Adani Renewable Energy Holding Eight Ltd. (AREHEightL), a wholly-owned subsidiary of Adani Green Energy Ltd. (AGEL) on December 31, 2020 received the Letter of Award (LOA) to set-up 600 MW Wind-Solar Hybrid Power Project. AREHEightL participated in a tender issued by the Solar Energy Corporation of India (SECI) for setting up 1,200 MW ISTS-connected Wind-Solar Hybrid Power Project.
The fixed tariff for this project capacity is Rs. 2.41 / kWh for a period of 25 years. The project is expected to be commissioned in 18 months from the effective date of PPA.
With this project, total renewable energy project capacity of AGEL now stands at 14,795 MW, of which 2,950 MW projects are operational and 11,845 MW projects are under implementation.
This Wind-Solar Hybrid Project, strengthens AGEL’s pioneer position for RE Hybrid projects in India. Hybrid projects enables optimal utilisation of grid infrastructure, lead to a more sustainable integration of renewable energy and works as a key enabler for growth of renewable power in India.
Speaking on this development Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd., said: “Adani Green is committed to ramp up creation of a sustainable ecosystem for transitioning towards a greener future. The LOA of 600 MW Wind-Solar Hybrid Power Project is in line with our ambition to achieving renewable power capacity of 25 GW by 2025 and becoming 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 Wind, Solar and Hybrid power generation in India.”