Adani Green Energy Ltd. has added another feather to its cap with the successful execution of a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for the supply of 1,799 megawatts of solar power. This marks the completion of the 8,000 MW manufacturing-linked solar tender that Adani Green secured in 2020. The company shared this compelling news in a recent statement, expressing confidence in its expanding portfolio and its alignment with India’s ambitious non-fossil fuel capacity target.
“With this, Adani Green now has tied up PPAs of 19.8 gigawatts, and the balance is merchant capacity in its 20.6 gigawatt locked-in portfolio,” the statement affirmed, highlighting the company’s substantial presence in the renewable energy sector. Furthermore, the company emphasized its robust land holdings across resource-rich areas of India, which have effectively de-risked its portfolio for the execution of 45 GW capacity by 2030.
Amit Singh, the CEO of Adani Green Energy, emphasized the significance of the PPA with SECI, underscoring its alignment with India’s target of achieving 500 GW of non-fossil fuel capacity by 2030. This strategic move reinforces Adani Green’s commitment to facilitating India’s decarbonization goals and advancing the Atmanirbhar Bharat vision.
This milestone not only fortifies Adani Green Energy’s position as a major player in India’s renewable energy landscape but also signals a significant contribution towards the nation’s sustainable energy future. As the company continues to expand its reach and capacities, its proactive approach towards energy procurement and long-term sustainability objectives underlines its dedication to fostering a greener and more energy-abundant future for India.
