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Saturday, May 18, 2024

Adani Green Energy puts an additional 448.95 MW of solar power facilities in Gujarat into service


<p>Wholly-owned subsidiaries of Adani Green Energy Limited, Adani Green Energy Twenty Four A Limited and Adani Green Energy Twenty Four B Limited, said on Tuesday that they have operationalized an additional 448.95 MW of solar power projects in Khavda, Gujarat. “In conjunction with previous notification dated February 14, 2024, a total of 1,000 MW of solar power projects are operationalized at Khavda, Gujarat,” the statement appeared in a regulatory filing.</p>
<p><img decoding=”async” class=”alignnone wp-image-476363″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-green-energy-puts-an-additional-448-95-mw-of-solar-power-facilities-in-gujar-750×422.jpg” alt=”theindiaprint.com adani green energy puts an additional 448 95 mw of solar power facilities in gujar” width=”1327″ height=”748″ title=”Adani Green Energy puts an additional 448.95 MW of solar power facilities in Gujarat into service 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-green-energy-puts-an-additional-448-95-mw-of-solar-power-facilities-in-gujar-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-green-energy-puts-an-additional-448-95-mw-of-solar-power-facilities-in-gujar-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-green-energy-puts-an-additional-448-95-mw-of-solar-power-facilities-in-gujar-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-green-energy-puts-an-additional-448-95-mw-of-solar-power-facilities-in-gujar.jpg 1024w” sizes=”(max-width: 1327px) 100vw, 1327px” /></p>
<p>AGEL’s drive towards 45 GW capacity by 2030 has seen a rise in its overall operational renewable generating capacity to 9,478 MW with the operationalization of these units.</p>
<p>It is determined that the facilities would operationalize and start selling the electricity they produce on March 5, 2024, based on the necessary permissions.</p>
<p>Adani Green Energy received permission from shareholders earlier in January to finance Rs 9,350 crore by issuing preferred warrants to promoters, with a massive 99.9% majority of votes. The corporation had said that it will utilize the money for additional capital projects as well as to reach its goal of 45 gigawatts of renewable energy capacity by 2030. Adani Green Energy had said that it had raised Rs 2,337.51 crore in a private placement by issuing warrants to Ardour Investment Holding in the same month.</p>
<p>Adani Green Energy reported a profit of Rs 256 crore for the third quarter that ended in December 2023, increasing 148.5 percent from Rs 103 crore in the same period in FY23. It reported operating revenue of Rs 2311 crore for the quarter that ended on December 31, 2022, an increase of 17.3% above Rs 1971 crore. “With the recently announced equity and debt capital raise, we have put in place the capital management framework for a well-secured growth path to the targeted 45 GW capacity by 2030,” said Amit Singh, CEO of Adani Green Energy Ltd., in the regulatory filing. By concentrating on a robust supply chain with a focus on localization, large-scale digitization, workforce development, and competence creation, we continue to increase our execution capabilities.</p>
<p>As the globe embraces the ambition of doubling renewable power capacity by 2030, we are working on the biggest renewable power plant in the world at Khavda, Gujarat, and we want to establish new norms for the mega scale development of renewable energy projects.</p>


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