Adani Green Energy Receives LOA for 300 MW Wind Project From SECI

AREHFL, a subsidiary of Adani Green Energy, has received the LOA to set-up a 300 MW wind project under SECI’s 1200 MW (Tr-X) tender.

AREHFL, a subsidiary of Adani Green Energy (AGEL), had participated in the tender issued by the Solar Energy Corporation of India (SECI) for setting up 1,200 MW ISTS-connected wind power projects (Tranche-X). And after placing a successful bid has now received the Letter of Award (LOA) to set-up a 300 MW wind power project under this tender. 

The fixed tariff for this project capacity is Rs 2.77/kWh for a period of 25 years.

With this, AGEL’s total renewable capacity now stands at 15165 MW, of which 3395 MW renewable plants are operational and 11770 MW projects are under implementation. Adani Green Wind LOA

Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd said, “Wind energy forms an essential part of our business approach and is expected to continue a vital contribution to our growth plans. This award of 300 MW Wind Power Project is in line with our commitment to ramp up creation of a sustainable ecosystem for transitioning towards a greener future.”

Recently, the firm had reported that it had successfully raised a USD 1.35 billion debt package for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders. 

The firm had informed that the revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up in four SPVs in the state of Rajasthan, India. 

More recently, the firm had also announced that it had signed a share purchase agreement for the acquisition of a 100 percent stake in a special purpose vehicle (SPV) holding 50 MW operating solar project of SkyPower Global, developers and owners of utility-scale solar energy projects, with more than 25,000 megawatts of solar projects worldwide.

The firm had detailed that the project is located in Telangana and was commissioned in October 2017, currently operating under a long-term Power Purchase Agreement (PPA) with the Southern Power Distribution Company of Telangana.