The PV plant—to be set up in Gujarat—will supply power for INR2.22/kWh for 25 years.
The latest addition in Chitrakoot follows the commissioning of a 25 MW solar plant in January this year.
The developer added 825 MW of solar capacity during the fiscal. This, together with 100 MW of new wind, raised the developer’s total operating renewable capacity to 3,470 MW.
Following 75 MW solar assets in Telangana, Adani Green Energy has completed the acquisition of 20 MW PV assets in Uttar Pradesh for INR 133 crore.
Adani Green Energy has signed an agreement with Sterling & Wilson to acquire its 75 MW of operating solar projects for around INR 446 crore. The projects are located in Telangana.
The Indian developer has signed an agreement with the Canadian developer to acquire its 50 MW Telangana solar project at an enterprise value of around INR 317 crore.
The developer has secured the revolving fund from 12 international banks. It would use the amount to initially finance its 1.69 GW hybrid portfolio of solar and wind projects to be set up in the Indian state of Rajasthan.
AdaniConneX, the joint venture with US-based data center solution provider EdgeConneX, will develop renewable energy-powered data centers with up to 1 GW of power demand in India over the next decade.
The solar capacity—comprising two plants of 50 MW each—were completed ahead of schedule despite adverse conditions amidst Covid-19. The plants benefit from 25-year power purchase agreements with Uttar Pradesh Power Corporation Limited, at INR 3.22/kWh and INR 3.19/kWh, respectively.
The 150 MW solar plant in Kutchh is Adani Green Energy’s third PV commissioning within a month. Its other two solar capacities that became operational since December end include 100 MW at Khirsara, Gujarat, and 25 MW at Chitrakoot in Uttar Pradesh.
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