Adani Green Energy and Sri Lanka agree to a 20-year PPA

By Consultants Review Team Saturday, 08 June 2024

According to reports, Adani Green Energy has signed a 20-year power purchase agreement (PPA) with Sri Lanka to establish two wind projects.

The deal, which was completed by the government of Sri Lanka, reportedly includes 484 megawatt (MW) of projects that will be built in the cities of Mannar and Pooneryn. Adani Green will get payment for the power produced at a cost of $0.0826 per kWh.

The Adani Group's engagement in the West Container Terminal project at the Colombo port is their second significant investment in Sri Lanka.

Adani Green Energy Limited unveiled a massive growth plan in April 2024, aiming to double its solar and wind power generating capacity by 2030 with an investment of Rs 2.3 trillion ($27.6 billion).

An additional Rs 50 billion would be allocated to renewable projects around India as part of this ambitious plan.

With these investments, Adani Green hopes to significantly expand from its existing 10.9 GW capacity to an operating portfolio of 45 GW by 2030.

Adani Green just started operations at a 551 MW solar power facility in Khavda, Gujarat, India, demonstrating their dedication to sustainable energy sources.

With a planned capacity of 30 GW, the business plans to turn Khavda into the largest solar park in the world in addition to the current plant that supplies electricity to the national grid.

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