Adani Green Energy Arm Wins 1,250 MW Energy Storage Project in UP

Adani Hydro Energy Five Ltd, a step-down subsidiary of Adani Green Energy Ltd., has entered into a power purchase agreement with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement is for 1,250 megawatts of energy storage capacity from pumped hydro storage projects. It was signed on April 23, 2025, the company did not share any financial details about the deal.

As of 10:04 AM on April 24, 2025, Adani Green Energy share price was trading at ₹958.55, up 0.64% for the day, 1.73% higher over the past five days, but down 43.36% over the last six months.

Earlier Contract for Solar Supply

In March, another subsidiary, Adani Renewable Energy Holding Twelve Ltd, won a contract to supply 400 megawatts of solar power to UPPCL. This will be done over 25 years from a solar project in Rajasthan. The agreed tariff is ₹2.57 per unit (kWh).

Solar Projects in Rajasthan

Adani Group is developing two solar parks in Rajasthan:

• One in Bhadla, Jodhpur, with a capacity of 500 MW
• Another in Fatehgarh, Jaisalmer, with a planned capacity of 1,500 MW
  The Fatehgarh park will cover around 9,981 acres.

Annual Performance Update

For FY25, Adani Green Energy reported a 28% rise in energy sales, reaching 27,969 million units. Its total operational capacity grew to 14.2 gigawatts, which is a 30% increase from the previous year. Over the last five years, the company’s energy generation has grown at a compound annual rate of 45%.

Read More: Adani Green Energy Subsidiary Commences 250 MW Solar Project in Kadapa, Andhra Pradesh.

Conclusion

Adani Green’s recent agreements with UPPCL add to its ongoing projects in solar and energy storage, expanding its presence in Uttar Pradesh and Rajasthan.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.