Adani Green Energy Ltd (AGEL), the renewables arm of the Adani Group, said its fourth wind-solar hybrid power project has become fully operational at Jaisalmer in Rajasthan.

With the operationalization of the 700 MW project, Adani Green now has the largest operating renewable portfolio in India with 8,024 MW.

The project is housed under AGEL’s 100% subsidiary, Adani Hybrid Energy Jaisalmer Four Limited.

The hybrid power project  has a power purchase agreement at a tariff of ₹3.24 (~$0.03)/kWh for 25 years.

The new hybrid power project consists of a combination of 600 MW solar and 510 MW wind capacity.

The project deploys advanced renewable technologies like bifacial solar photovoltaic modules and horizontal single-axis trackers systems to enable maximum electricity generation from solar energy, the company said.

The project is designed to deliver a capacity utilization factor of a minimum of 50%.

With this project, Adani Green’s operating wind-solar hybrid portfolio has now reached 2,140 MW.

In May 2022, the company had operationalized a hybrid power project of 390 MW. This was followed by the commissioning of another co-located hybrid power project of 600 MW in September 2022 and the third hybrid power project of 450 MW in December 2022.

All three of these hybrid energy generation assets are located in Jaisalmer.

Adani Green posted a net profit of ₹1.03 billion (~$12.4 million) for the third quarter of the financial year 2022-23, a 110% surge over the previous year.

Recently, United States-based equity investment firm GQG Partners closed a major deal involving a series of secondary block trade transactions amounting to ₹154.46 billion (~$1.87 billion) in the Adani Group companies including Adani Green.

Recently, Adani Green was awarded the letter of approval for two wind energy projects to be developed in the Mannar and Ponneryn areas of northern Sri Lanka. The two projects will be developed at a total investment of $442 million.

The wind energy project to be developed in Mannar will operate at a capacity of 250 MW, and the other project in Pooneryn will operate at a capacity of 100 MW, according to the Board of Investment of Sri Lanka.