Rosepetal Solar Energy (RSEPL), a subsidiary of Adani Green Energy Limited (AGEL) won 700 MW solar-wind hybrid capacity from Adani Electricity Mumbai Limited (AEML) after AEML received necessary approval from Maharashtra Electricity Regulatory Commission.
RSEPL participated in a tender issued by Adani Electricity Mumbai Limited (AEML) for the procurement of 350 MW grid-connected wind-solar hybrid power projects (with a “Green Shoe option” of an additional 350 MW Hybrid power project capacity) in Maharashtra.
The fixed PPA tariff for this 700 MW hybrid power project is Rs 3.24/kWh for a period of 25 years with a minimum capacity utilisation factor (CUF) requirements of 50 percent.
The projects are expected to be commissioned by the second quarter of the Financial Year 2022.
The price of Rs 3.24 per unit was arrived at by the MERC after it rejected the proposed rate of Rs 3.35 by Rosepetal that had been arrived at through a bidding process.
AGEL had informed that with this latest award the firm now has a total of 5.99 GW portfolio of renewable capacity in India, out of which 3.49 GW projects are under implementation and 2.50 GW of renewable projects are operational.