Adani Green Secures Tripartite Deal for Khavda Hybrid Project

Adani Green Energy, through its subsidiary Adani Green Energy Twenty Five B, has entered into a tripartite agreement to supply 20.8 MW of solar-wind hybrid power to Asahi India Glass (AIS) from its Khavda renewable energy facility in Gujarat.

The power supply will be sourced from a 25 MW solar project and a 20.8 MW wind project. As part of the arrangement, AIS has also signed an investment agreement to subscribe to a minimum 26% equity stake in the project, in compliance with captive power generation regulations. Upon completion of the project, Asahi India Glass will hold an effective 1.22% equity stake in the power generating entity.

The partnership supports Adani Green Energy’s strategy to strengthen its renewable energy portfolio while enabling AIS to meet its clean energy requirements through captive generation.

News by Rahul Yelligetti.