Adani Green Energy Subsidiary Commissions 50 MW Solar Project

• Adani Green Energy has actually introduced that its arm Kilaj Solar (Maharashtra) Pvt Ltd has actually appointed a 50 MW solar energy project.

Adani Green Energy has actually revealed that its arm Kilaj Solar (Maharashtra) Pvt Ltd has actually appointed a 50 MW solar energy project on April 114, 2020. "Kilaj Solar (Maharashtra) Private Ltd, a step-down subsidiary of Adani Green Energy Limited (AGEL), has actually appointed its 50 MW Solar Power Project having Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) at Rs 2.54/ kWh for a duration of 25 years, on 14th April 2020," a firm declaration claimed.

With this, 2.60 GWac of renewable resource projects are functional, the declaration stated. Adani Green Energy has a complete profile of 5.99 GWac of eco-friendly ability in India, out of which 3.39 GWac projects are under execution.

In March, we had actually reported that AGEL had actually appointed one more 50 MW wind power project with its wholly-owned subsidiary Adani Green Energy (MP) Ltd on March 05, 2020. The project had actually been appointed under the 25 year Power Purchase Agreement (PPA) with state-owned Solar Energy Corporation of India (SECI) at a toll of Rs 2.65/ kWh.

In January, we had actually reported that Rosepetal Solar Energy (RSEPL), a wholly-owned subsidiary of AGEL had actually been granted 700 MW solar-wind crossbreed capability by the Adani Electricity Mumbai Limited (AEML) after the state payment had actually authorized AEML's request for the honor of the ability under a crossbreed wind-solar tender.

RSEPL took part in a tender released by Adani Electricity Mumbai Limited (AEML) for the purchase of 350 MW grid-connected wind-solar crossbreed power projects (with a "Green Shoe choice" of an extra 350 MW Hybrid power project capability) in Maharashtra. The repaired PPA toll for this 700 MW crossbreed power project is Rs 3.24/ kWh for a duration of 25 years with a minimal capability exercise aspect (CUF) needs of 50 percent. The projects are anticipated to be appointed by the 2nd quarter of the Financial Year 2022. The rate of Rs 3.24 each was reached by the MERC after it turned down the suggested price of Rs 3.35 by Rosepetal that had actually been come to with a bidding procedure.