Adani Green’s Triumph: Fulfilling the 8,000 MW Solar Tender with SECI
Newzdaddy Business Updates
Adani Green Energy Ltd (AGEL), a prominent player in renewable energy, has achieved a significant milestone by finalizing a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). This PPA, securing the supply of 1,799 MW of solar power, marks the successful completion of the entire 8,000 MW manufacturing-linked solar tender awarded by SECI in June 2020—setting a global record as the world’s largest solar tender.
AGEL’s Commitment to SECI’s Solar PV Tender
AGEL’s dedication to SECI’s manufacturing-linked solar PV tender has been unwavering. Beyond power agreements, the company has actively undertaken the establishment of 2 GW of PV cell and module manufacturing facilities. A crucial part of this commitment has materialized with the operationalization of a 2 GW per annum capacity solar PV cell and module manufacturing plant in Mundra, Gujarat, under the banner of associate company Mundra Solar Energy Ltd (MSEL). AGEL, through its wholly-owned subsidiary Adani Renewable Energy Holding Four Ltd, holds a substantial 26% share in MSEL.
Portfolio Overview: A Robust Locked-In Capacity
With the signing of this PPA, AGEL now boasts secured PPAs for an impressive 19.8 GW, leaving only merchant capacity in its extensive 20.6 GW locked-in portfolio. This portfolio, strategically secured across over 2 Lacs acres of land in resource-rich Indian regions, ensures a fully de-risked execution for the planned 45 GW capacity by 2030.
Mr. Amit Singh, CEO of Adani Green Energy Ltd, shared his enthusiasm, emphasizing AGEL’s commitment not just to India’s decarbonization goals but also its role in realizing the Atmanirbhar Bharat vision. With pride, he highlighted the conclusion of the largest green PPA, contributing to a sustainable energy landscape. Aligned with India’s ambitious target of 500 GW of non-fossil fuel capacity by 2030, AGEL is steadfast in delivering over 45 GW of renewable energy—a five-fold increase from its current operating portfolio. This underscores AGEL’s resolve to provide affordable and accessible clean energy.
Implications for India’s Renewable Landscape
Beyond AGEL’s success, this achievement holds broader implications for India’s renewable energy landscape. The fulfilment of the SECI tender signifies a substantial step toward national renewable energy goals, positioning India as a global leader in sustainable practices. The country’s commitment to embracing large-scale clean energy solutions is evident through the completion of this monumental tender.
Future Outlook: AGEL’s Continued Impact
Looking ahead, Adani Green Energy Ltd’s endeavours are poised to shape India’s renewable energy sector. The company’s commitment to significant capacity expansion and its focus on delivering clean energy aligns with the global movement toward sustainability. AGEL’s story serves as an inspiration, showcasing how strategic planning, innovation, and unwavering dedication can drive positive change in the world of renewable energy.
In summary, Adani Green’s triumph in securing this massive PPA not only fulfils SECI’s ambitious solar tender but also symbolizes India’s journey toward a greener and more sustainable energy future.
