Feat takes Adani Green Energy’s total operational renewable capacity to 2,975 MWac; a step closer to its vision of 25 GW capacity by 2025
- Adani Solar Energy Chitrakoot One Limited has commissioned a 25 MW solar power plant
- Adani Solar Energy Chitrakoot One Limited is a step-down subsidiary of Adani Green Energy Limited (“AGEL”)
- This plant has a Power Purchase Agreement (PPA) with Noida Power Company Limited (“NPCL”) at Rs. 3.08/kWh
- AGEL’s total operational renewable capacity grows to 2,975 MW
- With this, AGEL now has a total portfolio of 14,795 MW of renewable energy plant capacity
Ahmedabad, 11 January 2021: Adani Solar Energy Chitrakoot One Limited, a step-down subsidiary of Adani Green Energy Limited (“AGEL”) has commissioned 25 MW solar power plant.
This plant has a Power Purchase Agreement (PPA) with Noida Power Company Limited (“NPCL”) at Rs. 3.08/kWh. With this commissioning AGEL’s total operational renewable capacity grows to 2,975 MW.
The plant will be connected to our state-of-the-art Energy Network Operation Centre (ENOC) that continuously monitors and analyses the performance of 80+ solar and wind plants across diverse locations in India.
Recently, AGEL has also commissioned and announced a 100 MW Solar Power plant, despite an ongoing pandemic backed by advanced resource planning.
With the commissioning of this project, AGEL has a total renewable capacity of 14,795 MW including 11,820 MW awarded and under implementation projects.
Speaking on this development Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd said, “Adani Green is on its course to achieve a renewable capacity of 25 GW by 2025 and become the world’s largest renewable power company by 2030. 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)
