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Adani Green plans major solar plant in Gujarat

December 31, 2020

Saur Energy:

Adani Solar Energy Kutchh Two Private Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has commissioned a 100 MW ac solar power project at Khirsara, Gujarat, ahead of its scheduled Commercial Operation Date (COD) according to its 25-year-long Power Purchase Agreement (PPA) with the Gujarat Urja Vikas Nigam India (GUVNL). 

The new plant will be connected to the firms’ new state-of-the-art Energy Network Operation Centre (ENOC) that continuously monitors and analyses the performance of 80+ solar and wind plants across diverse locations in India. The PPA for the project is priced at Rs 2.44/kWh, as of December 29, 2020. 

Last month, a report by IEEFA had identified the opportunity for the Adani Group to lead India’s energy strategy by further aligning itself with the government’s vision for energy independence and fast-growing reliance on renewables.

“The soaring value of Adani Green Energy is a clear indication of where the market, and this group, are heading,” said Tim Buckley, director of Energy Finance Studies, South Asia, IEEFA. “Adani Green is now the largest listed energy company in India and one of the world’s biggest solar developers. Adani’s new strategic collaboration with Italy’s Snam to explore opportunities in green hydrogen is an exciting new development that suggests the group is scaling up its renewable ambitions even further.”

The state’s installed renewable energy capacity reached 9.6 gigawatts (GW) at the end of the fiscal year (FY) 2019/20. It also added more solar power capacity (1.7 GW) in FY 2019/20 than any other Indian state, ahead of Karnataka (1.4 GW), the state with the highest installed solar capacity, and Tamil Nadu (1.3 GW).

“Rajasthan has a bright future as a renewable energy leader in India,” said the report’s author Kashish Shah. However, there’s still a lot of work to be done. With the state’s “power distribution companies (Discoms) amongst the worst performers in India.” 

[Ayush Verma]

More: Adani Green Energy Commissions 100 MW Solar Plant in Gujarat

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