Adani Green’s unit receives LoA for 150 MW solar power project

Adani Green currently has a total portfolio of 20.434 Mac capacity of renewable energy projects.

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On Tuesday, Adani Green Energy Ltd stated that its entity Adani Renewable Energy Holding Fifteen Limited has obtained a letter of award (LOA) to establish a 150 MW solar power plant. For this project capacity, the fixed tariff is $2.34/kWh for a 25-year term.

“Adani Renewable Energy Holding Fifteen Limited, a Wholly-owned Subsidiary of Adani Green Energy Limited participated in a Tender issued by Punjab State Power Corporation Limited for procurement of 250 MW Solar Power from ground-mounted grid-connected solar PV power plants and has received the Letter of Award (LOA) to set-up 150 MW Solar Power Project,” the Adani Group company said in an exchange filing.

Adani Green currently has a totally renewable energy projects portfolio of 20.434 MWac capacity, 5.410 MWac of which are active. According to the business, 11,591 MWac projects are now under construction, with another 3.433 MWac projects nearing completion.

Adani Green Energy Limited, a subsidiary of the Adani Group, is an Indian renewable energy firm located in Ahmedabad, Gujarat. Adani Green Energy shares have returned more than 61 percent in a year, while the stock has gained more than 36 percent in 2022 (year-to-date or YTD) thus far, compared to a 5 percent dip in the benchmark BSE Sensex.

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