AGEL arm bags 150 MWac solar project

New Delhi: 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 competitive bidding process, from grid connected solar photovoltaic power projects to be setup 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, AGEL now has a total portfolio 15,390 MWac of renewable energy project capacity.