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Adani Green Energy completes power purchase project of 8,000 MW for SECI

Adani case rumours appear so bleak in the wake of such initiatives by the Group.

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Adani Green Energy completes power purchase project of 8,000 MW for SECI

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  1. ADANI GREEN ENERGY COMPLETES POWER PURCHASE PROJECT OF 8,000 MW FOR SECI

  2. Renewable energy companies Adani Green Energy Ltd. (AGEL) and the Solar Energy Corporation of India (SECI) have finalized a power purchase agreement (PPA) for the delivery of 1,799 MW of solar power. A solar power agreement with a duration of 25 years has been officially signed.After a record-breaking 8,000 MW manufacturing-linked solar tender awarded by SECI in June 2020, AGEL has finally finalized its power offtake arrangements with the PPA.

  3. From Solar Manufacturing in Mundra to Ambitious 45 GW Renewable Energy Goal by 2030 A plant in Mundra, Gujarat, which AGEL built and commissioned, produces photovoltaic (PV) cells and modules with a capacity of 2 GW. The production facility is run by AGEL's associate company, Mundra Solar Energy Ltd. (MSEL), which has a yearly capacity of 2 GW. Through its wholly-owned subsidiary, Adani Renewable Energy Holding Four Ltd., AGEL owns a 26% interest in MSEL. In its 20.6 GW locked-in portfolio, AGEL now has merchant capacity remaining after securing PPAs for 19.8 GW. In addition, the firm has bought more than 200,000 acres of land in India, removing all risk from the portfolio in preparation for the 45 GW capacity execution by 2030. Adani case rumours appear so bleak in the wake of such initiatives by the Group.

  4. Adani Green Energy's Contribution to India's Transition to Renewable Energy For many years, Adani Green Energy has been at the forefront of renewable energy projects in India, helping to increase the country's capacity to generate green power. With its commitment to sustainability and investment in innovative technology, the company has established itself as a significant player in India's shift towards a future without carbon emissions.

  5. Working Together: Promoting Public-Private Partnerships through SECI The partnership between SECI and Adani Green Energy demonstrates the significance of public-private partnerships in propelling sustainable development. An important part of helping renewable energy sources connect to India's power grid is SECI, a government enterprise. To accomplish its lofty renewable energy targets, SECI forms partnerships with private companies like Adani Green Energy, which allows it to tap into the knowledge and resources of the private sector.

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