Adani Green wins 390 MW hybrid renewable project

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Adani Green Energy has announced wholly-owned subsidiary Mahoba Solar has secured 390 MW of capacity in the hybrid renewable energy tender floated by the Solar Energy Corporation of India (SECI).

A Bombay Stock Exchange update issued by the company said the planned hybrid project is expected to have solar generation capacity of 360 MW and wind capacity of 100 MW. It was not clear why there is a disparity between the project’s planned capacity of 460 MW and the 360 MW generation volume awarded Mahoba.

With the new project, Adani’s Indian renewable generation portfolio capacity stands at some 4.16 GW, with 1.97 GW in operation and 2.19 GW under development.

Additionally, Adani Renewable Energy, another Adani Green Energy subsidiary, has commissioned a 12 MW wind power project in the state of Gujarat.

In January, Adani Green made headlines for acquiring the balance 51% equity share capital of Kodangal Solar Parks from FS India Devco. Kodangal Solar Parks was incorporated in 2015 and has set up a 20 MW solar project at Bagewadi, in Karnataka.

SECI announced a first large-scale hybrid tender with a ceiling tariff of Rs2.60 per unit in May. However, the response was so poor the auction was postponed six times and its size was halved, from an original 2.5 GW.