Adani Renewable Energy to receive 40 40 solar project in Odisha

Adani Renewable Energy to receive 40 40 solar project in Odisha

Adani Renewable Energy to receive 40 40 solar project in Odisha: With this acquisition, AGEL will reach a total renewal rate of 19.8 GW. The total portfolio includes 5.4 GW functional goods, 5.7 GW active goods, and 8.7 GW adjacent building materials
Adani Renewable Energy (MH) Limited (MHL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), announced on Thursday that it had signed direct agreements with Essel Green Energy Pvt Ltd to acquire 100% economic value in SPV ( special vehicle) carrying a 40 MW solar project in Odisha.

“The project has a long-term contract for the purchase of electricity (PPA) with Solar Energy Corporation of India (SECI) at R4,235 per unit, with PPA remaining about 22 years,” the company said in a statement.

The closing of a transaction depends on the circumstances of the culture. The acquisition of the project is a business value of Rs 219. With this acquisition, AGEL will achieve fully renewable energy of 19.8 GW. The total portfolio includes 5.4 GW functional goods, 5.7 GW building materials, and 8.7 GW adjacent building materials.

“We remain focused on the opportunities that help us build value shareholders, as well as facilitate the growth of green energy conservation in India. With the acquisition of this project in Odisha, AGEL will now be operational in 12 regions of India. -2030, “said Vineet Jalan, Managing Director and CEO of Adani Green Energy Ltd. the group will invest $ 20 billion over the next decade in the production of renewable energy and its components and will produce the world’s cheapest green electron more .

Adani Renewable Energy to receive 40 40 solar project in Odisha

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