BUSINESSEnglish

AGEL commissions 150 MW Solar Power Plant at Kutchh, Gujarat, 3 months ahead of schedule

Feat takes Adani Green Energy’s total operational renewable capacity to 3,125 MW; a step closer to its vision of 25 GW capacity by 2025

  • Adani Solar Energy Kutchh One Limited has commissioned 150 MW solar power plant, 3 months ahead of scheduled date of commissioning.
  • Commissioning of this project well ahead of scheduled timeline is again a remarkable feat delivered amidst Covid-19 and flood situation in Kutchh, Gujarat
  • This plant has a 25 year Power Purchase Agreement (“PPA”) with Gujarat Urja Vikas Nigam Limited (“GUVNL”) at 2.67/kWh.
  • AGEL’s total operational renewable capacity grows to 3,125 MW and has a total renewable portfolio of 14,795 MW

Ahmedabad, 20 January 2021: Adani Solar Energy Kutchh One Limited, a step-down subsidiary of Adani Green Energy Limited (“AGEL”) has commissioned 150 MWac Solar Power Project. Despite all the challenges of global pandemic Covid-19, unprecedented rain and flood in Kutchh, Gujarat, continuing with the Group’s commitment to nation building, the team of experts made it possible to commission the project 3 months prior to its scheduled commissioning date.

This plant has a Power Purchase Agreement (“PPA”) with Gujarat Urja Vikas Nigam Limited (“GUVNL”) at Rs. 2.67/kWh for a period of 25 years. With this commissioning, AGEL’s total operational renewable capacity grows to 3,125 MW.

The plant will be connected to our state-of-the-art Energy Network Operation Centre (“ENOC”) that continuously monitors and analyses performance of 80+ solar and wind plants across diverse locations in India.

With the commissioning of this project, AGEL has total renewable capacity of 14,795 MW including 11,670 MW awarded and under implementation projects.

Gujarat contributes to nearly 13% of the renewable energy production in India. The state with a generation capacity of 30 GW presents tremendous opportunities of growth in the renewable energy sector. Capitalizing on these opportunities AGEL has commissioned 635 MW renewable energy projects in Gujarat, while projects of 4,730 MW are under implementation.

Speaking on this development Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd said, “This is third solar plant commissioned by AGEL over a span of less than a month. The trend demonstrates our sharp focus on timely project delivery and our long-term vision to achieve renewable capacity of 25 GW by 2025.  It also reinforces AGEL’s commitment to lead India’s transition towards a greener future through a strategic approach and operational excellence.”

 About Adani Green Energy Limited

Adani Green Energy Limited (“AGEL”), a part of India-based Adani Group, has one of the largest global renewable portfolios 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 National Thermal Power Corporation (“NTPC”) and Solar Energy Corporation of India (“SECI”) and various State Discoms. Listed in 2018, AGEL today is a USD 22.80 billion market cap company helping India meet its COP21 goals. Earlier this year, Mercom Capital, the US-based think tank ranked the Adani Group as the #1 global solar power generation asset owner.

(Sanket)

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