Page 10 - AsiaElec Week 11 2023
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AsiaElec RENEWABLES AsiaElec
World’s largest solar-wind hybrid
site commissioned in India
Adani efforts in hybrid sector could still be undone by financial woes
INDIA ADANI Green Energy (AGE), the subcontinent’s The facility is now nominally owned by AGE’s
largest renewables generation firm, has com- subsidiary Adani Hybrid Energy Jaisalmer Four
pleted construction at its most recent solar-wind Ltd.
hybrid site in Rajasthan. Power produced at the site is being sold to the
It is understood to be the world’s larg- local and national grid under terms agreed fol-
est such hybrid site ever to be brought to lowing a 25-year long power purchase agreement
completion. (PPA) for INR3.25 ($0.39) per kWh.
Announced by way of a specially held press brief- Reports in India now indicate that the energy
ing, AGE said it had commissioned the 700-MW produced at the site will come on the back of a uti-
facility in the Jaisalmer district of the northern lisation factor of 50% or more. If confirmed, over
state. time, this will make it the single most efficient
Much of the state, which makes up over 10% renewable power producing site using solar or wind
of India’s total land mass, is covered by the Great power in the country.
Indian Desert with a mean duration of 8.5 to 8.8 There are still concerns surrounding the long-
hours of bright sunlight daily. term health of any projects owned by or connected
The same Jaisalmer district is also home to a trio to Adani.
of other hybrid projects installed by AGE. These The firm’s financial woes are well documented
combine to produce a capacity of 1.44 GW, accord- across India and routinely make front page news.
ing to company sources. The stock price of Adani Green Energy shares
With the most recent addition to the AGE port- has in recent weeks nosedived over 80% from a
folio pushing the firm’s hybrid produced capacity to May 2022 high, with claims by some analysts that
well over 2.1 GW, the blend of solar and wind in this announcements of no further renewables projects
manner now comprises over a quarter of the total are just around the corner as the company struggles
operational capacity of AGE. to repay its debtors.
P10 www. NEWSBASE .com Week 11 15 •March•2023
