Ahmedabad (Gujarat) [India], September 15 : Adani Green Energy will sign a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 5 GW (5000 MW) solar power from the world's largest renewable energy park being developed at Khavda in Kutch District of Gujarat, to Maharashtra, the Adani Group company statement said in a statement.
Also, Adani Power Limited (APL) will sign a long-term Power Supply Agreement (PSA) with MSEDCL for the supply of 1496 MW (net) thermal power to Maharashtra state from a new 1600 MW Ultra-supercritical thermal power project, the statement added.
Maharashtra has been at the forefront of India's solar energy landscape and has played a pivotal role in enhancing the national renewable energy capacity.
Adani Green Energy said it continues to contribute towards boosting the state's renewable energy mix, which will further expand with the addition of supplies under the newly awarded capacity.
Adani Green Energy's wind-solar hybrid cluster in Jaisalmer began powering Mumbai city with green energy in March 2023, with the share of renewable energy in the Mumbai distribution circle's energy mix standing at 37 per cent as of June 2024.
The statement said that the 6600 MW capacity has been secured through a competitive bidding process initiated by MSEDCL for procurement of combined 1600 MW thermal and 5000 MW solar power.
The terms of the tender permit Adani Power Limited to bid for thermal power capacity along with solar power capacity, which can be supplied by a group company. Adani Power Limited accordingly also bid for 5000 MW solar capacity on behalf of AGEL, thereby leveraging the two entities' respective competitive advantages and strengths in the thermal and solar power sectors.
"The solar capacity award of 5 GW is the world's largest such award since 2020, bolstering AGEL's leadership in India and as one of the largest RE portfolio globally. Similarly, the thermal capacity award is the largest in India in recent years to be awarded to the private sector," the company said.
Sagar Adani, Executive Director, Adani Green Energy said Adani Green is well positioned to achieve the 50 GW target with secured resource rich sites in strategic locations.
"We are glad to collaborate with MSEDCL to meet the states' rising energy demand through renewable sources and fulfill its (renewable energy) RE commitments. Our goal is to accelerate India's clean energy transition. This is a crucial step towards the country's energy independence and building a sustainable future," added Sagar Adani.
Adani Green Energy Limited currently has an operating renewable portfolio of 11.2 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030 aligned to India's decarbonization goals.
Anil Sardana, Managing Director, Adani Power, said, "As India advances in achieving its economic growth targets while maintaining a keen focus on sustainability, the role of conventional power in helping stabilize the grid and supplying base load power assumes greater importance. Adani Power is proud to partner a leading industrialised state like Maharashtra by becoming one of its key suppliers of reliable and competitive power from its existing and upcoming capacities, while enabling it to integrate an ever-increasing quantum of renewable energy in its grid."
Adani Power Limited operates an installed thermal power capacity of 17,010 MW spread across ten power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat.
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