Adani Green Energy rose 1.75% to Rs 1,014.45 after the company said its subsidiary has commissioned 150 MW solar power plant, three months ahead of scheduled date of commissioning.Adani Solar Energy Kutchh One, a step-down subsidiary of Adani Green Energy (AGEL) has commissioned 150 MWac solar power project. Despite all the challenges of global pandemic COVID-19, unprecedented rain and flood in Kutchh, Gujarat, continuing with the Group s commitment to nation building, the team of experts made it possible to commission the project 3 months prior to its scheduled commissioning date.
This plant has a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) at Rs 2.67/kWh for a period of 25 years. With this commissioning, AGEL s total operational renewable capacity grows to 3,125 MW.
Adani Solar Energy Kutchh Two, a Whollyowned subsidiary of Adani Green Energy has commissioned 100 MWac Solar Power Project at Khirsara, Gujarat, ahead of its scheduled Commercial Operation Date (COD)
according to its 25-year-long Power Purchase Agreement (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL).
The PPA is priced at Rs. 2.44/kWh, as on 29 December, 2020.
With this commissioning AGEL s total operational renewable capacity grows to 2,950 MWac demonstrating a CAGR of 55% since March 2016.
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Adani Green Energy arm commissions 100 mw solar unit in Gujarat
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Synopsis
The subsidiary, Adani Solar Energy Kutchh Two, has a 25-year-long power purchase agreement (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL) to supply the power at Rs 2.44 a unit.
AGEL has a total renewable portfolio of 14,195 mw, which includes 11,245 mw of projects that have been bagged or are under execution.
Adani Green Energy’s subsidiary has commissioned a solar power project at Khirsara in Gujarat of capacity 100 megawatts, taking the company’s total operational renewable capacity to 2,950 mw, the Gautam Adani led company said on Wednesday.