Adani Green Energy Expands Wind Power Capacity with Subsidiary’s Gujarat Project

About Project

Adani Renewable Energy Forty-One Limited, a wholly-owned subsidiary of Adani Green Energy Limited, has announced a significant milestone in its renewable energy portfolio with the operationalization of a 250 MW wind power project at Khavda, Kutchh, Gujarat. This achievement is highlighted by the incorporation of India’s largest and one of the world’s most powerful onshore wind turbines, boasting a capacity of 5.2 MW.

With this latest addition, Adani Green Energy’s total operational capacity at the Khavda site now stands at an impressive 2,250 MW. The company received the necessary clearances to commence operations on July 24, 2024, and power generation began immediately thereafter.

This development underscores Adani Green Energy’s commitment to driving India’s renewable energy transition and contributing to the nation’s clean energy goals. The company’s strategic investments in large-scale wind power projects, coupled with its technological advancements, position it as a key player in the renewable energy sector.

Share Price Movement

Adani Green Energy Ltd (ADANIGREEN), with the stock code 541450 is currently trading at Rs 1733.50, up Rs 15.60 or 0.91% from yesterday’s closing price of Rs 1717.90. Today’s trading has seen a high of Rs 1749.95 and a low of Rs 1726.20, with a VWAP of Rs 1,735.57. Over the past year, the stock has ranged from a high of Rs 2,173.65 to a low of Rs 816.00. The current price band is set at Rs 2,061.45 (upper limit) and Rs 1,374.35 (lower limit), representing a 20% fluctuation from the previous closing price.

About MIC Ltd

Adani Green Energy Limited (AGEL), a public limited company in India, is one of the largest renewable companies in the country. Established in 2015, AGEL is part of the Adani Group’s commitment to a cleaner, greener future for India. The company develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects, providing electricity to central and state government entities and government-backed corporations. AGEL has expanded its presence across many Indian states through long-term Power Purchase Agreements (PPAs) with central and state government entities. The company uses the latest technologies in its projects and is driving India’s renewable energy journey. AGEL is a holding company of several subsidiaries, primarily involved in renewable power generation and related activities. The company offers products and services in solar power, wind power, hybrid power, and solar parks.

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