AGEL arm bags 150 MWac solar project

The project is expected to be commissioned by Q3 FY2023. Currently, 3,520 MWac of renewable energy projects are operational.

Adani Green Energy arm AREHFifteenL has bagged a 150 MWac solar energy project capacity from Torrent Power. Adani Renewable Energy Holding Fifteen Ltd (AREHFifteenL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), participated in a Tender issued by Torrent Power Ltd for procurement of power through a competitive bidding process, from grid-connected solar photovoltaic power projects to be set up in Gujarat.

AREHFifteenL has been awarded a project capacity of 150 MWac Solar Power Project, a BSE filing said.

The fixed tariff for this project capacity is Rs 2.22/ kWh for a period of 25 years. The project is expected to be commissioned by Q3 FY2023.

Currently, 3,520 MWac of renewable energy projects are operational. With this, the AGEL now has a total portfolio of 15,390 MWac of renewable energy project capacity, out of which 11,870 MWac projects are under implementation, it added.