SECI Signs Solar PPA for 333 MW with AGEL Against Manufacturing Linked Solar Scheme (Tranche-I)

Solar Energy Corporation of India (SECI) has signed 333 MW of PPA with M/s Adani Green (AGEL) against Manufacturing linked Solar Scheme (Tranche-I), said the official Twitter account of SECI.

Earlier the the company had said that it has signed its first set of PPAs for 867 MW with SECI in Sep/ Oct 2021 under Letter of Award received for manufacturing linked solar projects of 8 GW.

The company has announced the financial results for the quarter and half year ended September 30, 2021. AGEL’s overall renewable portfolio has increased to 20,284 MW mainly on account of completion of acquisition of SB Energy’s India Renewable portfolio of 4,954 MW, which includes 1,700 MW operational assets, said the company.

AGEL was awarded 450 MW Wind project from SECI in Oct 2021.

AGEL’s sale of Energy increased by 54% to 3,954 mn units in H1 FY22 and Solar CUF improves by 50 bps YoY to 23.2% and Wind CUF improves by 710 bps YoY to 40.7% in H1 FY22, said the company statement.

Earlier this week, AGEL has reported that the it scored 66 points in the Corporate Sustainability Assessment (CSA) survey 2021 conducted by DJSI – S&P Global. This is significantly higher than the average world electric utility sector score of 38, said the company.

“This achievement is a manifestation of the Adani vision to steer India towards a cleaner, greener future,” said Mr. Santosh Kumar Singh, Chief Sustainability Officer, AGEL.