Adani Green Energy Subsidiary Secures Solar-Wind Capacity worth 700 MW in Maharashtra

Rosepetal Solar Energy (RSEPL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has announced that it has been awarded 700 MW solar-wind hybrid capacity by the Adani Electricity Mumbai Limited (AEML) after the state commission had sanctioned the letters petition for the award of the capacity under a hybrid wind-solar tender.

RSEPL partook in a tender issued by Adani Electricity Mumbai Limited (AEML) for the procurement of 350 MW grid-connected wind-solar hybrid power projects (with a “Green Shoe option” of an additional 350 MW Hybrid power project capacity) in Maharashtra.

Consequently, AEML has established the approval from the Maharashtra  Electricity Regulatory Commission (MERC) for the award of this 700 MW solar-wind hybrid capacity. Accordingly, AEML has now allotted RSEPL 700 MW wind-solar hybrid power project under the tender.

The fixed PPA tariff for this 700 MW hybrid power project is Rs 3.24/kWh for a period of 25 years with a minimum capacity utilization factor (CUF) requirements of 50 percent. The projects are expected to be commissioned by the second quarter of the Financial Year 2022.

AGEL had informed that with this latest award the firm now has a total of 5.99 GW portfolio of renewable capacity in India, out of which 3.49 GW projects are under implementation and 2.50 GW of renewable projects are operational.

Solar PV | News published on 28/01/2020 by Moulin

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