The third wind-solar hybrid power plant with a total operating generating capacity of 450 MW has been commissioned at Jaisalmer in Rajasthan by Adani Green Energy Ltd (AGEL), the renewable division of the Adani Group, making it the largest wind-solar hybrid power farm developer in the world.

Power purchase agreements (PPAs) worth 2.67/kwh for 25 years are in place with SECI for the facility.

“The 420 MW solar and 105 MW wind power plants that make up this new hybrid power plant were installed using cutting-edge technologies. Adani Green Energy currently has the greatest operating hybrid power generation capacity of 1,440 MW thanks to this hybrid plant “The business stated.

The first 390 MW hybrid power plant in India was operationally defined by the Adani group firm earlier in May 2022. In September 2022, the 600 MW largest co-located hybrid power plant in the world was put into service. These two hybrid energy-generating facilities are located in Jaisalmer, a city in Rajasthan.

After this 450 MW facility was successfully commissioned, AGEL’s overall operating generation capacity increased to 7.17 GW. Adani Solar Energy Jaisalmer One Private Ltd., a subsidiary of AGEL, is home to the recently operational 450 MW hybrid power plant.

Adani Green Energy has one of the largest global portfolios of renewable energy with a total size of 20.4 GW, made up of operating, under-construction, and awarded assets supplying investment-grade counterparties. Some of the company’s most significant clients include the National Thermal Power Corporation (NTPC), Solar Energy Corporation of India (SECI), and a number of state discoms.

Adani Green Energy raised a JPY (Japanese Yen)-denominated facility on December 1, 2022 through its subsidiary Adani Solar Energy AP Six Private Ltd to repay its current debt.

The facility comprises of a project loan facility with an incurring amount of JPY 27,954 million ($200 million) and an evaluation of the 16-year debt structure with a door-to-door tenor of 10 years and an average tenor of more than 8 years.

According to the business, the refinancing facility is in line with AGEL’s goal of securing long-term financing and creating a debt structure that is in line with the life of the underlying assets for its operating assets.

Adani Green Energy Ltd. (AGEL), backed by greater sales, reported a 49% increase in its consolidated net profit for the July–September quarter of the current fiscal year (Q2 FY23) to 149 crore from 100 crore. Its overall revenue increased from $1,411 crore in the same time last year to $1,686 crore this year.

The shares of the billionaire Gautam Adani-led Adani Green are now trading 1.11% down on the NSE at $2,038.45 compared to the session’s final closing of $2,061.25. The stock increased by 0.81% last week and 13.20% over the previous six months. With a market capitalization of 3,22,984.22 crore, the Adani group shares has increased 51.33% year to date.