NEW DELHI: Adani Green Energy Ltd (AGEL) on Tuesday informed that it has signed an agreement with the Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power.
The company claims, this agreement is the world’s largest evergreen power purchase agreement and it will keep India on track to become the world’s largest renewables player by 2030.
“We are pleased to have signed the world’s largest PPA with SECI,” said Gautam Adani, Chairman of the Adani Group.
He called the agreement another step to enable India’s dual objective to accelerate India’s renewable energy footprint as well as promote domestic manufacturing under the Atmanirbhar 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 $50-$70 bn of investment in the renewables space,” informed Adani.
The new agreement is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020, which set a record for being the world’s largest solar development tender ever awarded.