Adani Green Energy Ltd (AGEL) has signed a purchase agreement with Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power. It is the world’s largest-ever green power purchase agreement (PPA). The agreement is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020. So far, AGEL has signed PPAs with SECI for a total generation capacity of close to 6,000 MW of the 8,000 MW awarded in 2020. The company expected to complete the balance of 2000 MW in the coming 2 to 3 months.
Important takeaways for all competitive exams:
- Solar Energy Corporation of India Limited Established: 2011;
- Solar Energy Corporation of India Limited Headquarters: New Delhi, Delhi;
- Solar Energy Corporation of India Limited Chairman: Indu Shekhar Chaturvedi;
- Solar Energy Corporation of India Limited Managing Director: Suman Sharma.