New Delhi, Dec 14 (FN Representative) Adani Green Energy Ltd (AGEL) on Tuesday said it has signed an agreement with Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power terming it as the world’s largest ever green power purchase pact. The agreement is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020. The Adani group firm has signed power purchase agreements (PPAs) with SECI for a total generation capacity of close to 6000 MW of the 8,000 MW awarded in 2020. It expects to close the balance 2,000 MW PPA in the next 2-3 months.
Commenting on the PPA with SECI, Adani Group Chairman Gautam Adani said that it is yet another step in the company’s journey to enable India’s dual objective to accelerate 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 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,” he said.