Adani Green Energy said it has signed an agreement with the Solar Energy Corporation of India to supply 4,667 MW of green power.
This is the world’s largest ever green power purchase agreement, the company said in a statement on Tuesday.
The agreement to supply green energy is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020.
“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 Atmanirbhar Bharat programme,” said Gautam Adani, chairman of Adani Group.
“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 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 added.
AGEL has so far signed PPAs with SECI for a total generation capacity of close to 6,000 MW of the 8,000 MW awarded in 2020. AGEL expects to close the balance 2,000 MW power purchase agreements in the next 2-3 months.
The company has 20.3 GW renewable projects across operational, under-construction, awarded and acquired assets.