NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Saurabh

Continuing its aggressive growth, one of India’s leading renewable energy companies — Adani Green Energy — has plans to acquire two large-scale solar power projects.

According to media reports, Adani Green Energy is looking to acquire a 250-megawatt solar power project from another Indian private renewable energy developer. The project is located in the northern state of Rajasthan and was commissioned by Hero Future Energies. The project has a long-term power purchase agreement with the Solar Energy Corporation of India at a tariff of Rs 2.53 (3.49¢) per kilowatt-hour. The transaction will reportedly be valued at around Rs 10 billion.

photo courtesy of andreas160578.