Adani Green bags 600-MW wind-solar honor in SECI tender

• India's Adani Green Energy Ltd (BOM:541450) has actually won a 600-MW hybrid wind-solar power project in a domestic tender targeting 1,200 MW of ability.

The competition round was held by the Solar Energy Corporation of India (SECI) and also was open to projects that would be connected to the nation's Interstate Transmission System (ISTS). Adani Green, via its subsidiary Adani Renewable Energy Holding Eight Ltd, got a Letter of Award (LOA) on Friday, the parent business claimed in a press statement.

The wind-solar facility will certainly operate under a 25-year power purchase agreement (PPA), with its outcome to be sold at INR 2.41 (USD 0.033/ EUR 0.027) per kWh. The capacity needs to be activated within 18 months after the PPA is authorized.

With the brand-new award, Adani Green has developed a renewable energy portfolio of 14,795 MW, of which 2,950 MW of operational capacity as well as 11,845 MW of projects under execution. The Indian firm has set a goal of having 25 GW of renewables ability in operation by 2025.