Adani bags 130 MW Wind Power Project
Adani Renewable Energy Park (Gujarat) Ltd. (AREPGL) a wholly-owned subsidiary of Adani Green Energy Ltd. (AGEL) has bagged a 130 MW wind power project through auction by Solar Energy Corporation of India (SECI) which is a Central Public Sector Undertaking under administrative control of the Ministry of New and Renewable Energy (MNRE).
The project is an Inter-State Transmission System (ISTS) connected wind power project.
AREPGL has received the letter of award from SECI and the fixed power purchase agreement tariff is Rs. 2.83 per KWH for 25 years. The award was as part of the cumulative tendering for 1200 MW ISTS-connected Wind Power Projects (Tranche-VII). The wind power project is expected to be commissioned by the fourth quarter of 2020-21.
This project shall increase the already significant contribution of AGEL in renewable energy generation capacity of India. Adani Group’s AGEL has a portfolio of projects with 5.29 GW capacity, out of which 2.202 GW is operational and 3.27 GW is in development stage. Further, Adani Green Energy has a target of achieving generation capacity of 10 GW by 2022.
RPO Driving Renewable Energy Growth in Gujarat
At present in Gujarat only 28% of 27,200 MW installed capacity of the state comes from renewable energy sources. The state plans to add 3,000 MW of renewable energy every year till 2022. This is also keeping in mind the Renewable Purchase Obligation (RPO).
RPO is the minimum percentage of renewable energy that power generation companies and large power consumers need to buy from renewable sources.
According to a news article of Times of India dtd. 5th Jan 2019, Pankaj Joshi, M.D. Gujarat Urja Vikas Nigam Ltd. (GUVNL) said “In order to meet our Renewable Purchase Obligation (RPO) of 17% by 2022 we plan to add 1,000 MW and 2,000 MW from wind and solar every year till 2022”.
Wind Energy Status in Gujarat
As of 31st May 2019, the total installed capacity of wind power in Gujarat was 6,290.47 MW. As of 31st May 2019 the total installed capacity of wind power in India was 36,089.12 MW. Thus Gujarat is contributing 17.4% of the total wind power installed capacity in India. Gujarat has the second largest installed wind power capacity in India.