Energetica India Magazine December 2020

Adani Green Energy Arm Commissions 100 MW Solar Plant in Gujarat, Ahead of Schedule Adani, ABC, AMP Win in SECI’s 1200 MW Hybrid Tender with Lowest Tariff of Rs 2.41/kWh Ahead of its scheduled commercial operation date (COD), Adani Solar Energy Kutchh Two Pvt Ltd, an arm of Adani Green Energy Ltd (AGEL) has commissioned 100 MWac solar power project at Khirsara in Gujarat. For the project, Adani Group company had entered into a 25-year power purchase agreement (PPA) with Gujarat Urja Vikas Nigam India (GUVNL), priced at Rs 2.44/kWh. With the commissioning of the project, AGEL’s total operational renewable capacity now grows to 2,950 MWac demonstrating a CAGR of 55 per cent since March 2016, the company said in a statement. Further, the solar plant will be connected to the company’s Energy Network Operation Centre (ENOC) that continuously monitors and analyses performance of 80+ solar and wind plants across diverse locations in India, it added. Commenting on the achievement, Vneet S. Jaain, MD & CEO of Adani Green Energy Ltd said that, “Adani Green is committed to creating a sustainable future through rapid project execution capability in line with the global best practices in the renewable energy sector. The commencement of 100 MWac solar power project in Khirsara, Kutchh, Gujarat in line with the Adani Group’s legacy of scale and speed and is another significant step towards achieving our vision of 25 GW renewable energy by 2025.” Significantly, Adani Green Energy has set a target to commission 25 GW of renewable energy capacity by 2025 and as of now it has a total renewable capacity of 14,195 MWac including 11,245 MWac awarded and under implementation projects. Few days after Rs 1.99/kWh record tariff for solar, state-owned Solar Energy Corporation of India (SECI) has discovered a new record low tariff of Rs 2.41/kWh for any renewable energy hybrid project. In SECI’s auction for setting up of 1200 MW ISTS-connected wind-solar hybrid power projects in India (Tranche-III), ABC Renewable Energy Pvt Ltd, an arm of Axis Energy, Adani Renewable Energy Holding Eight Ltd, and AMP Energy Green Pvt Ltd emerged as winners. Under this tariff-based competitive bidding, the three companies namely ABC Renewable Energy Pvt Ltd, Adani Renewable Energy Holding Eight Ltd, and AMP Energy Green Pvt Ltd had quoted a lowest tariff of Rs 2.41/kWh for capacity of 380 MW, 600 MW and 130 MW respectively. While, ACME Solar Holdings Pvt Ltd had won 90 MW of capacity out of 300 MW of applied capacity at the rate of Rs 2.42/kWh tariff. In the auction total ten companies had applied for 3,310 MW of capacity and oversubscribed by 2,110 MW. The remaining bidders include – O2 Power SG Pte Ltd, NLC India Ltd, Sprng Ujjvala Energy Pvt Ltd, ReNew Solar Power Pvt Ltd, Azure Power India Pvt Ltd, and Green Infra Wind Energy Ltd. In January 2020, SECI issued RfS for selection of hybrid renewable energy developers for setting up of 1200 MW ISTS-connected wind-solar hybrid power projects in India on Build Own Operate (BOO) basis. Now, SECI will enter into a 25 year PPA with selected bidders. As per the RfS, the power procured from this project will be sold to those buying entities and bulk consumers which require wind-solar hybrid power to fulfil their solar and non-solar RPO under respective RPO regulations. 12 energetica INDIA- December_2020 NEWS PROJECTS/TENDERS