Indian-based Adani has taken a step in becoming Australia’s largest renewable energy producer by 2022.
Chairman, Gautam Adani, as announced that Adani Renewables has signed a Power Purchase Agreement (PPA) with an undisclosed power retailer.
The PPA covers electricity generated at solar plant Rugby Run, near Moranbah, on a 600-hectare block, and will remain until 2030.
Adani Renewables plans to run a number of renewable energy projects across Australia, aiming to have a combined capacity of 1.5GW within the next five years, making it the largest renewable energy producer in the country.
The first step towards this is the construction of Phase One, which will begin this month and is scheduled to end in October 2018, with the potential to hire 150 new employees.
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