Adani Green Continues Brisk Start to 2021, With 50 MW Solar Plant in UP’s Chitrakoot

In an official statement today, Adani Solar Energy Chitrakoot One Limited (ASECOL), a subsidiary of Adani Green Energy Limited (AGEL), said that it has commissioned a 50 MW solar power plant in Chitrakoot, Uttar Pradesh (UP). 

“The plant has a 25-year-long Power Purchase Agreement (PPA) with the Uttar Pradesh Power Corporation Limited (UPPCL) at Rs 3.07/kwh,” the regulatory filing said, adding, “This commissioning takes AGEL’s total operational renewable capacity to 3,520 MW, a step closer to its vision of 25 GW capacity by 2025.” AGEL’s total renewable capacity stands at 15,240 MW since 11,720 MW have been awarded and are at different stages of implementation. 

The filing further elaborated, “With this 50 MW, AGEL marks the beginning of this year’s commissioning plan .”

The newly commissioned plant is set to be managed by the state-of-the-art Energy Network Operation Centre (ENOC) that regularly monitors and analyses performance of 80 plus solar and wind plants across diverse locations in India. “AGEL, through its successive projects, has continued to integrate the objective of sustainability with economic development. Thereby, creating jobs as well as enabling the de-carbonisation in line with India’s commitment at United Nations Climate Change Conference in Paris and taking it a step closer towards Climate Leadership,” said the filing.

Since the beginning of 2021, Adani has commissioned solar power plants in different states of the country, including a 25 MW plant commissioned by Adani Solar Energy Chitrakoot One Ltd in Chitrakoot in January. In the same month, its step-down subsidiary Adani Solar Energy Kutchh One Limited commissioned a 150 MWac solar power project in Kutch. In March, the firm announced that its subsidiary Adani Solar Energy Four Private Ltd (ASE4PL) had commissioned 100 MW (2×50 MW) solar power plants at Jalalabad in Shahjahanpur district and at Sahaswan in Budaun district of Uttar Pradesh. 

The firm has also been on an aggressive capacity acquisition spree, turning into a preferred buyer for many developers disposing of their utility-sized solar assets, from a 75 MW buy from  Sterling and Wilson, to a smaller 20 MW purchase from Spinel Energy, or the recent 50 MW purchase from Sky Power.