Solar Energy Corporation of India (SECI) has awarded a 600-megawatt wind-solar hybrid power project to Adani Adani Green Energy Limited (AGEL) – a subsidiary of Adani Energy Holding Eight Ltd (AREHEightL).
AGEL in its statement said, “The Company has won the letter of award (LoA) for 600 MW wind-solar hybrid project on December 31.”
The tariff for this project capacity has been fixed at Rs 2.41 per kilowatt-hour (KwH) for 25 years. This project is expected to be commissioned in 18 months from the date of signing the PPA (Power Purchase Agreement).
Speaking on the contract, Vineet Jain, Managing Director of AGEL said, “The LoA of the 600 MW wind-solar hybrid power project is in line with our ambition to achieve renewable power capacity of 25 GW by 2025.”
“With the latest win, AGEL’s total capacity stands at 14,795 MW of renewable energy of this 2,950 MW of renewable energy projects are operational and 11,845 MW projects are under implementation,” the statement said.
“It is also a step towards becoming the world’s largest renewable power company by 2030, and contributes to India’s decarbonization targets,” it added.