Adani Green signs 20.8 MW captive hybrid power pact

The hybrid power will be sourced from facilities in Khavda, Gujarat.

Adani Green Energy Limited’s (AGEL) unit has inked an agreement for 20.8 megawatts of solar-wind hybrid power.

In a bourse filing, AGEL said its wholly-owned stepdown subsidiary Adani Green Energy Twenty Five B Limited has entered into a power consumption deal and tripartite agreement for the supply of 20.8 MW of solar-wind hybrid power to Asahi India Glass Limited.

The power will be sourced from a 25 megawatt (MW) solar power plant unit and 20.8 MW wind power plant unit, both located at Khavda, Gujarat.

Adani Green Energy Twenty Five B Limited and Adani Renewable Energy Holding Four Limited, have also signed an investment agreement with Asahi India Glass.

“On the final Phase Completion Date, Adani Renewable Energy Holding Four will hold 98.78% and Asahi India Glass will hold 1.22% equity with voting rights of Adani Green Energy
Twenty Five B,” the filing read.