AGEL bags LOA 600 MW Wind-Solar Hybrid Power project
January 01, 2021
Adani Group’s, Adani Green Energy Limited (AGEL) informed that its wholly-owned subsidiary Adani Renewable Energy Holding Eight Limited has received Letter of Award (LOA) to set-up 600 Megawatt (MW) Wind-Solar Hybrid Power Project.
The company had participated in a tender issued by the Solar Energy Corporation of India (SECI) for setting up 1,200 MW ISTS-connected Wind-Solar Hybrid Power Project and it received the LOA on December 31, 2020.
The fixed tariff for this project capacity is ₹2.41/kWh for a period of 25 years. The project is expected to be commissioned in 18 months from the effective date of PPA, a company statement said on Friday. It will also annually offset approximately 1772.7 million Kg of CO2.
Adani Renewable Energy Holding Eight (AREHEightL), a wholly owned subsidiary of Adani Green Energy on 31 December 2020 has received the Letter of Award (LOA) to set-up 600 MW Wind-Solar Hybrid Power Project.
AREHEightL participated in a tender issued by the Solar Energy
Corporation of India (SECI) for setting up 1,200 MW ISTS-connected Wind-Solar Hybrid Power Project.
The fixed tariff for this project capacity is Rs. 2.41/ kWh for a period of 25 years. The project is expected to be commissioned in 18 months from the effective date of PPA.
With this project, total renewable energy project capacity of AGEL now stands at 14,795
MW, of which 2,950 MW projects are operational and 11,845 MW projects are under