Adani Green Energy Concludes An 8000 MW Manufacturing-Linked Solar Tender With SECI

Adani Green Energy has concluded an 8,000 MW manufacturing-linked solar tender with the Solar Energy Corporation of India (SECI) by supplying the final part of 1,799 megawatts of solar power. The agreement was part of a larger deal Adani Green secured in 2020.

After this, the company has agreements (power purchase agreements, or PPAs) for a total of 19.8 gigawatts, and the remaining capacity is set aside for selling electricity on the open market.

“With this, Adani Green now has tied up PPAs of 19.8 gigawatts, and the balance is merchant capacity in its 20.6 GW locked-in portfolio,” the renewable energy company said in a statement on Monday.

In addition, Adani Green already has access to a significant amount of land in resource-rich areas of India, making the entire portfolio relatively secure for the development of 45 gigawatts of renewable energy capacity by 2030.

According to Amit Singh, CEO of Adani Green Energy, the power purchase agreement with SECI will have a significant influence on India’s target of 500 GW of non-fossil fuel capacity by 2030.

“Adani Green is determined to deliver in excess of 45 GW of renewable energy, a five-fold increase from our current operating portfolio,” he said.

Adani Green is currently involved in establishing 2 gigawatts of photovoltaic (PV) cell and module manufacturing facilities as part of the SECI tender, and the company has already commissioned a solar PV cell and module manufacturing plant at Mundra, Gujarat, with a capacity of 2 GW per annum through its associate company, Mundra Solar Energy Ltd.

In addition, Adani Green Energy retains a 26% share in MSEL through its wholly owned subsidiary, Adani Renewable Energy Holding Four Ltd.The Solar Energy Corporation of India is a company that was established under the ministry of new and renewable energy in order to facilitate the implementation of India’s ‘National Solar Mission’.