India’s Adani Green Energy Ltd (BOM:541450) has put on stream a 75-MW wind farm in the state of Gujarat, it said in a bourse filing on Tuesday.
The power plant will operate under a power purchase agreement (PPA) with state-owned utility Maharashtra State Electricity Distribution Co Ltd (MSEDCL), which will buy its output at INR 2.85 (USD 0.0397/EUR 0.0356) per kWh for 25 years. Commercial sale of the electricity was launched on January 1, 2020.
Adani Green, which is part of domestic conglomerate Adani Group, developed the project through its subsidiary Adani Renewable Energy. Including the newly-commissioned capacity, the Indian company now has 2.5 GW of renewable energy plants in operation. Read More