Adani Green receives LoA from SECI for setting up 300 MW wind power project

• The fixed tariff for this project capacity is Rs 2.77/kWh for a period of 25 years

• Adani Green has won the project under the tender issued by SECI for setting up 1,200 MW ISTS-connected wind power projects (tranche-X)

Ahmedabad: Adani Renewable Energy Holding Fifteen Limited (AREHFL), a subsidiary of Adani Green Energy Limited (AGEL), has received the Letter of Award (LoA) for setting up 300 MW wind power project from state-run Solar Energy Corporation of India (SECI), the company said in an official statement on Monday. The fixed tariff for this project capacity is Rs 2.77/kWh for a period of 25 years. Adani Green has won the project under the tender issued by SECI for setting up 1,200 MW ISTS-connected wind power projects (tranche-X).

With this, Adani Green's total renewable capacity now stands at 15,165 MW, of which 3,395 MW renewable power plants are operational and 11,770 MW projects are under implementation, said Adani Green Energy.

'Wind energy essential part of Adani Green Energy's business approach'

Commenting on this development, Vineet S Jain, MD & CEO of Adani Green Energy Ltd, said, "Wind energy forms an essential part of our business approach and is expected to continue making a vital contribution to our growth plans. This award of 300 MW wind power project is in line with our commitment to ramp up creation of a sustainable ecosystem for transitioning towards a greener future." 

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The backdrop

The news comes just days after Adani Green Energy signed a share purchase agreement for the acquisition of 100 percent stake in an SPV holding 50 MW operating solar project of Toronto-headquartered SkyPower Global on March 20. Adani Green Energy has one of the largest global renewable portfolios with 15 GW of operating, under-construction and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.

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