Adani Green Energy signs world’s largest green energy PPA with SECI

New Delhi: Adani Green Energy Ltd (AGEL) has signed an agreement with the Solar Energy Corporation of India (SECI), a Miniratna PSU under the Ministry of New & Renewable Energy, to supply 4,667 MW of green power. "This is the world's largest-ever green power purchase agreement," Adani Group said in a press statement on Tuesday.

The agreement signed between Adani Green Energy and SECI for the supply of 4,667 MW of green energy is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020. The tender set a record for being the world's largest solar development tender ever awarded.

So far, Adani Green Energy has signed PPAs with SECI for a total generation capacity of close to 6,000 MW of the 8,000 MW awarded in 2020. The company expects to close the balance 2,000 MW PPA in the next two-to-three months, said the statement.

"We are pleased to have signed the world's largest PPA with SECI," said Adani Group's Chairman Gautam Adani. "This is yet another step in our journey to enable India's dual objective to accelerate India's renewable energy footprint as well as promote domestic manufacturing under the Atmanirbhar Bharat programme. Following the proceedings at COP 26, it is increasingly evident that the world has to equitably transition to a low carbon economy faster than previously anticipated. This is why Adani Group has committed to US$50-$70 billion of investment in the renewable space. This agreement keeps us well on track to our commitment to becoming the world's largest renewables player by 2030," he added.

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