AGEL receives LOA for 600 MW Wind-Solar Hybrid Power Project

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Adani Renewable Energy Holding Eight Limited (AREHEightL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has secured the Letter of Award (LOA) to set-up a 600 MW Wind-Solar Hybrid Power Project. AREHEightL participated in a tender issued by the Solar Energy Corporation of India (SECI) for setting up a 1,200 MW ISTS-connected Wind-Solar Hybrid Power Project.

The fixed tariff for this project capacity is Rs.2.41/ kWh (US$33.01/MWh) for a period of 25 years. The project is expected to be commissioned in 18 months from the effective date of PPA.

With this project, total renewable energy project capacity of AGEL now stands at 14,795 MW, of which 2,950 MW projects are operational and 11,845 MW projects are under implementation.

This Wind-Solar Hybrid Project, strengthens AGEL’s pioneer position for RE Hybrid projects in India. Hybrid projects enables optimal utilisation of grid infrastructure, lead to a more sustainable integration of renewable energy and works as a key enabler for growth of renewable power in India.

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