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Adani Green Secures PPA for Entire 8,000 MW SECI Tender with Manufacturing Linkage

Recent Adani updates state that this is the largest solar tender in the entire world and is also the biggest venture of the Adani Group in 2023. It marks the beginning of many other renewable energy projects for the conglomerate.

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Adani Green Secures PPA for Entire 8,000 MW SECI Tender with Manufacturing Linkage

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  1. Adani Green Secures PPA for Entire 8,000 MW SECI Tender with Manufacturing Linkage

  2. Recent Adani updates state that this is the largest solar tender in the entire world and is also the biggest venture of the Adani Group in 2023. It marks the beginning of many other renewable energy projects for the conglomerate.

  3. As per Adani updates, Adani Green Energy Limited (AGEL), one of the biggest players in the renewable energy sector in India, has finalised the power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI).

  4. Gautam Adani has been planning on capitalising on renewed creditor confidence in AGEL. It has plans to raise around 2 billion USD in primarily new debt in 2024. Adani Green is also exploring various other investment options, including offshore bank loans, private placement of debt, and rupee and dollar bonds.

  5. In this way, the Adani Group has already gone a lot closer to achieving its renewable energy goals. Taking into consideration the way the conglomerate is working, very soon, it will be able to acquire complete control over India's renewable energy sectors.

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