Adani and Canadian PEM fuel cell producer Ballard Power Systems will examine various co-operation opportunities including fuel cell production.
The private-sector power producer has appointed Shersingh B. Khyalia as chief executive officer with effect from January 11, 2022.
Adani Transmission Limited has completed the construction of an 897 circuit km transmission line in Uttar Pradesh. With this, its operational and under-construction assets add up to more than 18,300 circuit km.
The renewable energy developer had an operational capacity of 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30.
The operating solar assets benefit from a long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) at an INR 4.235/kWh tariff. The remaining PPA life is 22 years.
The diversified business group with a 25 GW renewable energy portfolio will invest US$20 billion across renewable energy generation, component manufacturing, transmission, and distribution over the next ten years.
The French oil and gas giant already owns half the stake in the Indian developer’s 2.3 GW operational solar assets in India through a joint venture.
The purchased solar portfolio is relatively young, with average remaining power purchase agreement life of around 21 years.
India’s largest private-sector thermal power producer—which ranked as the sixth-largest solar player globally in 2019—has climbed to the top spot following a Solar Energy Corporation of India (Seci) award to develop 8 GW of Indian solar project capacity.
The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MWac operating solar power projects owned by Adani Green Energy Limited.
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