The Economic Times daily newspaper is available online now.

    Adani Green bags 600 mw wind-solar hybrid power unit project

    Synopsis

    The company received the letter of offer (LOA) after it emerged as the largest bidder in December for a tender issued by the Solar Energy Corporation of India (SECI) for setting up 1,200 mw wind-solar hybrid power project that would be connected through the interstate transmission system.

    covishieldAgencies
    The company has a portfolio of 14,795 mw, which includes an operational capacity of 2,950 mw and projects at different stages of execution.
    Adani Green Energy’s subsidiary has received the contract to build a 600 megawatts (mw) wind-solar hybrid power project, taking the compan’s total project portfolio to 14,795 mw, the Gautam Adani led-company said in a statement onFriday.

    The company received the letter of offer (LOA) after it emerged as the largest bidder in December for a tender issued by the Solar Energy Corporation of India (SECI) for setting up 1,200 mw wind-solar hybrid power project that would be connected through the interstate transmission system.

    The fixed tariff for this project is Rs 2.41 a unit for 25 years. The project is scheduled to be commissioned in 18 months from the effective date of the power purchase agreement.

    “The LOA of 600 mw wind-solar hybrid power project is in line with our ambition to achieve renewable power capacity of 25 gigawatts by 2025 and becoming the world’s largest renewable power company by 2030 and contribute significantly towards India’s decarbonization targets,” Vneet Jaain, managing director and chief executive director, Adani Green Energy, was quoted as saying in the statement.

    The company has a portfolio of 14,795 mw, which includes an operational capacity of 2,950 mw and projects at different stages of execution.


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more

    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in