Inox Signs Another Deal with Adani Green for 50 MW of Wind Projects
Adani had bagged the project in a SECI auction
October 22, 2019
Inox Wind, a wind energy solutions provider, has sealed a new deal for the sale of power from a 50 MW wind power project of the Solar Energy Corporation of India (SECI).
The project is located at Dayapur in the Kutch region of Gujarat. According to a Bombay Stock Exchange’s (BSE) filing, the strategic investor in the project is Adani Green Energy.
The project consists of 25 numbers of 2 MW wind turbines.
“The 2 MW wind turbines have one of the highest swept areas that make it ideally suited to maximize returns in low wind areas. Inox Wind’s Kutch site would become one of the largest wind farms in India post the execution of capacities won in different rounds of SECI and state auctions,” states the company.
Apart from the recent deal, Inox Wind has already commissioned 166 MW of wind projects for Adani, adds the BSE filing. Inox Wind’s manufacturing capacity currently stands at 1,600 MW per annum.
Back in 2017, Inox had closed a deal to develop a 100 MW wind power project for Adani Green Energy in Kutch, Gujarat. Under this, Inox Wind had supplied, erected, and commissioned 50 of its advanced 2 MW wind turbine generators.
Then in February 2019, Inox Wind had received a Letter of Intent from Adani Green Energy to supply, erect, and commission 501.6 MW of wind power projects won in the auction by the SECI.
According to the MNRE, cumulative wind power installations totaled 36.9 GW as of September 2019. Since the inception of reverse bidding in India’s wind sector back in February 2017, approximately 12.5 GW of wind power projects have been auctioned in the country. In August 2018, the first batch of interstate transmission system-connected wind energy projects was commissioned in India.
Image credit: Umptanum at English Wikipedia [Public domain]
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.