Adani Renewable Energy Holding Eight, a subsidiary of Adani Green Energy, has won a contract to build a 600MW wind-solar hybrid power project in India.
The fixed tariff for this project capacity is Rs. 2.41/ kWh ($0.032/kWh) for a period of 25 years.
The tender was awarded by the Solar Energy Corporation of India (SECI). Other winners in the 1.2GW SECI auction were ABC Renewable Energy, a subsidiary of Axis Energy, and AMP Energy, which secured 380MW and 130MW of capacity respectively and also received tariffs of INR2.41/kWh ($0.032/kWh). ACME Solar was awarded 90MW with a tariff of INR2.42/kWh ($0.033/kWh).
According to the Institute for Energy Economics and Financial Analysis, India’s solar-wind hybrid capacity is set to reach 11.7GW by 2023, and such facilities could play a major part in helping India reach its clean energy deployment goals.