New Delhi/Ahmedabad: Adani Solar Energy Kutchh Two Private Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has commissioned 100 MWac Solar Power Project at Khirsara, Gujarat, ahead of its scheduled commercial operation date (COD) according to its 25-year-long Power Purchase Agreement (PPA) with the Gujarat Urja Vikas Nigam India (GUVNL). The PPA is priced at Rs 2.44/kWh, as on December 29, 2020.
With this, AGEL's total operational renewable capacity has grown to 2,950 MWac, demonstrating a CAGR of 55 percent since March 2016.
The plant will be connected to our state-of-the-art Energy Network Operation Centre (ENOC) that continuously monitors and analyses the performance of over 80 solar and wind plants across diverse locations in India.
AGEL has a total renewable capacity of 14,195 MWac, including 11,245 MWac awarded and under implementation projects. The company is targeting the commissioning of renewable energy capacity of 25 GW by 2025.
Commenting on this development, AGEL's MD & CEO Vineet S Jain said, "Adani Green is committed to creating a sustainable future through rapid project execution capability in line with the global best practices in the renewable energy sector. The commencement of 100 MWac solar power project in Khirsara, Kutchh, Gujarat, is in line with Adani Group's legacy of scale and speed and is another significant step towards achieving the vision of 25 GW renewable energy by 2025."
Adani Green Energy Limited (AGEL), a part of Adani Group, has one of the largest global renewable portfolios of over 14 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. Key customers of AGEL include the NTPC Limited, SECI and various state discoms. Listed in 2018, AGEL is a USD 22.08 billion market cap company. Earlier this year, Mercom Capital, the US-based think tank ranked the Adani Group as the #1 global solar power generation asset owner.
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