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GREEN POWER PURCHASE AGREEMENT Adani Green Energy signs green PPA with SECI

Dec 18, 2021

Adani Green Energy will be supplying 4667 MW of green power and is on track to be the world’s largest renewable player by 2030 by signing the world’s largest ever green power purchase agreement.

Adani Green Energy Ltd (AGEL) recently signed an agreement with the Solar Energy Corporation of India (SECI) to supply 4667 MW of green power. This is the world’s largest ever green power purchase agreement.

Sharing his views, Gautam Adani, Chairman, Adani Group, asserted, "We are pleased to have signed the world’s largest PPA with SECI. This is yet another step in our journey to enable India's dual objective to accelerate India’s renewable energy footprint as well as promote domestic manufacturing under the Aatmanirbhar Bharat programme. Following the proceedings at COP 26, it is increasingly evident that the world has to equitably transition to a low carbon economy faster than previously anticipated. This is why the Adani Group has committed US$50-70 billion of investment in the renewables space. This agreement keeps us well on track to our commitment to become the world’s largest renewables player by 2030."

The AGEL-SECI agreement to supply 4,667 MW is part of a manufacturing-linked solar tender of 8000 MW awarded to AGEL by SECI in June 2020, which set a record for being the world’s largest solar development tender ever awarded. So far, AGEL has signed PPAs with SECI for a total generation capacity of close to 6000 MW of the 8000 MW awarded in 2020. AGEL expects to close the balance 2000 MW PPA in the next two to three months.

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