Adani Green Secures 20-Year PPA With Sri Lankan Govt
(MENAFN- KNN India)
New Delhi, Jun 8 (KNN)
Adani Green energy has secured a 20-year power purchase agreement (PPA) with the government of Sri Lanka for the development of two large wind projects totalling 484 megawatts (MW) of capacity.
The agreement covers wind farms to be built in the towns of Mannar and Pooneryn. Under the deal, Adani Green will be paid USD 0.0826 per kilowatt hour for the electricity generated by the wind projects over the 20-year period.
This represents Adani Group's second major investment in Sri Lanka after its involvement in the West Container Terminal project at the Port of Colombo.
The Sri Lankan wind deal is part of Adani Green's ambitious $27.6 billion investment plan announced in April to expand its renewable energy portfolio.
The company aims to have 45 gigawatts (GW) of operational solar and wind power capacity by 2030, up from its current 10.9 GW.
In addition to the Sri Lanka projects, Adani Green recently began operations at a massive 551 MW solar plant in Khavda, Gujarat.
The company envisions further expanding Khavda into the world's largest solar park at 30 GW of capacity.
The investments demonstrate Adani's commitment to rapidly scaling up renewable power generation in line with India's clean energy goals.
The Sri Lankan wind deal gives Adani Green an international foothold as it executes its renewable growth strategy.
(KNN Bureau)
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