Adani Green Energy Limited (AGEL) has announced its arm Kilaj Solar (Maharashtra) has commissioned a 50 MW solar power project.
The Solar Energy Corporation of India (SECI) is the offtaker of the power produced from the project, paying Rs 2.54/kWh under a 25-year agreement.
The project, which was due for commissioning in July, has been completed well ahead of the schedule.
With this project, an aggregate 2198 MW AC of solar capacity is now operational by the developer which recently announced no Covid-19 impact on operation of its solar and wind plants.
“Electricity generated from all plants is being off-taken on a continuous basis in normal course, and the company is receiving regular payments from all the Discoms”—read a Covid-19 update by AGEL.
AGEL has total 5.99 GW AC portfolio of renewable capacity in India, out of which 3.39 GW AC projects are under implementation. In FY 2019-20, the company added solar capacity of 250 MW AC, with commissioning of 50 MW Jhansi and 200 MW Rawra projects in May and August 19, respectively.
“AGEL is on track to achieve 25 GW by 2025. With this, AGEL also targets to become the largest solar player in the world by 2025 and the largest renewable player in the world by 2030. To support this vision, the Group has committed to invest over 70% of its budgeted capex into clean energy and energy-efficient systems”—stated the company in its operational update.
As it looks to strengthen solar capacity, AGEL recently formed a 50:50 joint venture with French energy major Total. Total has invested Rs 3,707 crore in the joint venture that has 2.148 GW solar projects operating across eleven states in India.
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