Adani Group Secures Largest Solar Power Deal in India

Adani Green Energy Limited (AGEL) and Adani Power Limited (APL), both subsidiaries of the Adani Group, have secured a landmark deal to supply 6600 MW of hybrid solar and thermal power to the Maharashtra State Electricity Distribution Company Limited (MSEDCL) in India. This agreement signifies the largest-ever solar power capacity awarded globally since 2020, showcasing Adani's commitment to driving India's renewable energy transition.

• AGEL will contribute 5000 MW of solar power from its Khavda renewable energy park in Gujarat, which is touted as the world's largest renewable energy facility.
• APL will provide 1496 MW (net) of thermal power from a new 1600 MW ultra-supercritical power project, operating under a design, build, finance, own and operate (DBFOO) model, with coal sourced through India's SHAKTI policy.

Adani Group's Key Role in India's Energy Independence

This deal is a testament to Adani Group's strategic prowess and commitment to bolstering India's energy independence and sustainability. The group's combined expertise in solar power and thermal power enabled them to secure the tender for both energy sources, reflecting their ability to cater to diverse energy needs.

• AGEL's solar project is anticipated to be completed in phases over the next three years, supplying solar energy to Maharashtra at a fixed tariff of INR 2.70 per kWh for 25 years.
• APL's thermal power supply will commence in stages, with Unit 1 (800 MW) starting in three and a half years and Unit 2 (800 MW) beginning after four years.

Adani Green Energy's Commitment to Renewable Energy

Sagar Adani, executive director of Adani Green Energy, expressed the company's dedication to collaborating with MSEDCL to meet the state's growing energy demand through renewable sources and fulfill its RE commitments. Adani Green Energy is strategically positioned to achieve its 50 GW target with secured resource-rich sites in strategic locations, a diversified portfolio of renewables and storage solutions, a robust supply chain, and clear evacuation plans.

Adani Power's Role in Stabilizing India's Grid

Anil Sardana, managing director of Adani Power, highlighted the crucial role of conventional power in stabilizing the grid and supplying base load power, especially as India prioritizes both economic growth and sustainability. Adani Power is committed to partnering with leading industrialized states like Maharashtra, becoming a key supplier of reliable and competitive power from its existing and upcoming capacities, while facilitating the integration of an increasing amount of renewable energy into the grid.

Impact of the Deal on India's Renewable Energy Goals

This significant deal underscores Adani Green Energy's growing leadership in renewable energy, following its record-breaking green power deal in 2020. The project will significantly enhance Maharashtra's renewable energy mix, building upon AGEL's existing wind-solar hybrid facilities powering Mumbai.

• The 6600 MW capacity will play a pivotal role in supporting India's renewable energy goals, contributing to the country's ambition to achieve energy independence and a sustainable future.