Adani Green Goes Big And Surpasses 10,000 MW Of Renewable Energy Power

About Achievement

Adani Green Energy Limited (AGEL) has crossed a significant milestone, becoming the first company in India to surpass 10,000 MW of operational renewable energy capacity. This achievement marks a major leap forward for India’s clean energy sector and positions AGEL as a global leader in the renewable energy transition.

Key Highlights of AGEL’s Achievement:

10,934 MW Operational Portfolio: AGEL’s current portfolio boasts a diverse mix of solar, wind, and wind-solar hybrid projects, delivering clean and affordable power to millions of homes across India.

2,000 MW Solar Power at Khavda: The company’s rapid expansion at its Khavda project, touted as the world’s largest renewable energy plant, significantly contributed to achieving the 10,000 MW milestone.

2,848 MW Added in FY24: AGEL’s commitment to clean energy is evident in the impressive amount of renewable power capacity brought online in the last fiscal year.

AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind, and 2,140 MW wind-solar hybrid capacity. The milestone is a testament to AGEL and its development partners firmly moving towards the goal of 45,000 MW of renewable energy by 2030.

AGEL, India’s first green energy company, is aiming to power over 5.8 million homes and reduce CO2 emissions by 21 million tonnes annually. The company’s operational portfolio, which will power over 10,000 homes, is set to demonstrate how innovative technology, execution capabilities, digitalization, a robust supply chain network, and long-term infrastructure financing can drive the clean energy transition and decarbonization on a giga scale.

AGEL is building the world’s largest renewable energy plant in Khavda, a 30,000 MW project, to help facilitate India’s transition to clean, reliable, and affordable energy. The company is not only setting global benchmarks but also redefining them. The Adani Group’s Chairman, Gautam Adani, praised AGEL for its rapid and scaled approach to facilitating India’s transition to clean, reliable, and affordable energy.

Beyond capacity expansion, AGEL prioritizes sustainability. The company implements responsible practices across its operations, including:

Single-Use Plastic Free Certification: All AGEL’s operating plants are certified “single-use plastic free.”

Zero Waste-to-Landfill: The company diverts waste from landfills, promoting a circular economy.

Water Stewardship: Plants with capacities exceeding 200 MW are certified “water positive.”

Social Responsibility: AGEL creates green jobs and contributes to the economic development of local communities.

Adani Green’s achievement is a testament to India’s potential in the renewable energy sector. The company’s innovative approach, combined with its commitment to sustainability, sets a powerful example for the industry and paves the way for India’s cleaner and greener future.

Share Price Movement

Adani Green Energy share price currently trades at Rs 1,904.65, up 0.60% from the previous close of Rs 1,893.35. The stock has seen a range of Rs 796.00 – Rs 2,016.00 in the past 52 weeks. The upper and lower price bands are Rs 2,272.00 and Rs 1,514.70 respectively, with a 20% buffer on either side.

Adani Green Energy has a market capitalization of Rs 2,99,770.23 crore and is categorized as a ‘ListedGroup’ company with a T+1 settlement type. It’s also included in the S&P BSE 200 index and operates in the Power Generation industry.

About Company

Adani Green Energy Limited (AGEL) is India’s largest and leading renewable energy company, focusing on developing, owning, and operating utility-scale solar, wind, and hybrid renewable power plants. With a growth trajectory of up to 21.8 Gigawatts, AGEL has an operating renewable portfolio of over 10.9 GW across 12 states. The company has set a target of achieving 45 GW by 2030, aligning with India’s decarbonization goals. AGEL aims to reduce the Levelized Cost of Energy (LCOE) and promote large-scale adoption of affordable clean energy. The company’s operating portfolio is certified water-positive, single-use plastic-free, and zero waste-to-landfill.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.