Aditya Birla and GACL partner for 62.7 MW hybrid project
Author: PPD Team Date: 31/12/2024
Aditya Birla Renewable Energy Limited (ABREL) and its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4 Limited, have signed a shareholder’s agreement with Gujarat Alkalies and Chemicals Limited (GACL) for a 62.7 MW wind-solar hybrid power project in Gujarat.
The agreement was finalized on December 28, 2024.
GACL will hold a 26% equity stake in the SPV for the project. Additionally, GACL has signed a power consumption agreement (PCA) with Aditya Birla Renewables SPV 4 to procure power from the project.