Adani Green Energy to develop 700MW solar-wind project in Maharashtra

The project's operation date has been set to Q2 2022.

Adani Electricity Mumbai Limited (AEML) has awarded a 700 MW solar-wind hybrid project in the State of Maharashtra (Western India) to Rosepetal Solar Energy (RSEPL), a fully-owned subsidiary of Adani Green Energy Limited (AGEL). RSEPL took part in an auction for 350 MW of grid-connected wind-solar hybrid power projects in Maharashtra, that included a "green shoe option" for an additional 350 MW hybrid power project. With the approval of the Maharashtra Electricity Regulatory Commission (MERC), AEML has thus awarded 700 MW o RSEPL.

The project is set to enter operation in the second quarter of 2022, benefiting from a 25-year PPA at INR3.24/kWh (US$4.5c/kWh) with minimum capacity utilization factor requirements of 50%. Adani Green Energy Limited’s portfolio of renewable capacity in India reaches 5.99 GW, out of which 2.50 GW are in operation and 3.49 GW are under construction.

This article was originally published by Enerdata.