The Adani Solar Energy Kutchh Two Private Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has announced the commissioningof its 100 MW solar power project in Khirsara in Kutch, Gujarat. The project has a power purchase agreement with Gujarat UrjaVikas Nigam Limited at a tariff of Rs 2.44 per kWh. The Adani group has reported that the plant will be connected to its Energy Network Operation Centre which is designed to continuously monitor and analyse the performance of over 80 of its solar and wind plants across the country.
The commissioning of the project takes AGEL’s total operational portfolio to 2.95 GW and corresponds to a compounded annual growth rate of 55 per cent since March 2016. The firm also has about 11.2 GW of renewable projects in various stages of development as it aims to achieve a renewable capacity of 25 GW by 2025.
In November 2020, it was reported by the Institute for Energy Economics and Financial Analysis that AGEL would be a key player in catalysing India’s green energy transition. The company is also scaling up its manufacturing capacity after announcing that it will expand its existing cell and module manufacturing facility in Mundra, Gujarat by increasing its production capacity by 2 GW. In January 2020, Adani Green Energy and Azure Power secured 2,000 MW of projects and 500 MW of manufacturing capacity at the Solar Energy Corporation of India’s (SECI) first manufacturing-linked solar tender auction.The tender had a greenshoe option, where companies could opt for additional capacity to both develop and manufacture. Under this, AGEL won an additional 1,500 MW of module and cell manufacturing capacity, and 6 GW of project capacity.