In Short : Adani Green Energy Limited (AGEL) has achieved a significant milestone by surpassing the 8.4 GW mark in its renewable energy portfolio. With this achievement, AGEL has become India’s largest renewable energy company. The company’s substantial renewable energy capacity includes solar and wind projects, reinforcing its position as a leader in the clean energy sector. AGEL’s continuous growth underscores India’s commitment to renewable energy development and the transition towards a sustainable and greener future.
In Detail : Among its peers, ReNew is closest with 8.3 GW, followed by Tata Power and Greenko Energies with close to 4 GW capacity each. State-owned NTPC has a 3.2 GW green energy capacity
Adani Green Energy Ltd (AGEL) has become India’s largest green energy company as it reached the 8.4 gigawatt (GW) installed capacity mark last week. Company executives told this paper that AGEL commissioned a 0.15 GW solar power park in Rajasthan, which helped it surpass the 5 GW capacity for solar and 8.4 GW overall.
Among its peers, ReNew is closest with 8.3 GW, followed by Tata Power and Greenko Energies with close to 4 GW capacity each. State-owned NTPC has a 3.2 GW green energy capacity.
At 5 GW, AGEL also operates the country’s largest solar portfolio.
“AGEL’s management has guided that it plans to commission between 2.8 GW to 3 GW in the current financial year (FY24), with a capital expenditure of approximately Rs 14,000 crore in the current financial year,” said a senior executive.
The company’s upcoming projects will be located in the states of Rajasthan, Gujarat, Andhra Pradesh, and Karnataka, according to the company’s various corporate presentations.
AGEL announced earlier this year an ambitious target of achieving 45 GW of renewable energy capacity by the year 2030.
According to the company executives, close to 97 per cent of AGEL’s capacity is under long-term fixed tariff Power Purchase Agreements (PPAs) of 25-year duration and an average portfolio tariff of Rs 3.02 per unit.
