In Short : Adani Green Energy secures $400 million in funding for its solar power projects in Rajasthan and Gujarat. This investment will boost renewable energy capacity and support India’s transition to sustainable energy sources. In Detail : Adani Green Energy shares closed at Rs 1,755 a share on Wednesday with a total market valuation […]
Adani Green Energy revises renewable energy capacity target to 50 GW by 2030 – EQ
In Short : Adani Green Energy has revised its renewable energy capacity target to 50 GW by 2030. This ambitious goal underscores the company’s commitment to expanding its clean energy portfolio and contributing significantly to India’s renewable energy objectives. In Detail : Adani Green Energy added 2.8 GW in the last year, 15 percent of […]
Adani Green Energy reports EBITDA of Rs. 7,222 crore, up 30% YoY, in FY24 – EQ
RE target for 2030 revised upwards to 50 GW from 45 GW Greenfield capacity addition of 2.8 GW in FY24, representing 15% of India’s total renewable energy capacity addition Run-rate EBITDA stands at a strong Rs. 10,462 crore; Net Debt to Run-rate EBITDA at 4.0x v/s 5.4x last year EDITOR’S SYNOPSIS Financial & Operational […]
Adani Green Energy commissions its 700 MW wind-solar hybrid power plant at Jaisalmer – EQ
In Short : “Adani Green Energy successfully commissions a 700 MW wind-solar hybrid power plant in Jaisalmer, marking a significant milestone in India’s renewable energy sector and reinforcing Adani’s commitment to sustainable energy production.” In Detail : Adani Green Energy (AGEL), the renewables arm of the Adani Group, now has its fourth wind-solar hybrid power […]
Adani Green Energy becomes India’s first to surpass 10,000 MW renewable energy – EQ
In Short – Adani Green Energy achieves a significant milestone, becoming India’s first company to surpass 10,000 megawatts of renewable energy capacity. This achievement underscores the company’s leadership in the renewable energy sector and its commitment to sustainable energy production. In Details : Operating portfolio of 10,934 MW, largest in India 2,000 MW solar capacity […]
Adani Green Energy commissions 180 MW solar power project at Jaisalmer -EQ
In Short : Adani Green Energy has operationalized a 180 MW solar power project in Jaisalmer, adding to its renewable energy portfolio and contributing to sustainable power generation in the region. In Detail : Adani Solar Energy RJ Two, wholly-owned stepdown subsidiary of Adani Green Energy (AGEL) has operationalized 180 MW of solar power project at Devikot in […]
Adani Green Energy zooms 7% on subsidiary’s power purchase deal with SECI – EQ
In Short : Adani Green Energy experiences a surge of 7% following its subsidiary’s power purchase agreement with SECI (Solar Energy Corporation of India), reflecting positive market response to the company’s renewable energy ventures. In Detail : With execution of these PPAs, Adani Green Energy now has a total renewable energy project portfolio of 21,778 […]
Adani Green Energy completes operationalization of 300 MW wind power project in Gujarat – EQ
Strengthens market leadership with operational renewable energy portfolio of 9,604 MW Project will produce ~1,091 units each year, resulting in the avoidance of ~ 0.8 million tons of CO2 emissions annually Ahmedabad : Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has operationalized 126 MW wind […]
India’s Adani Green Energy likely to tap dollar bond market in March, sources say -EQ
Part of Indian billionaire Gautam Adani’s ports-to-power conglomerate, Adani Green is likely to use some of the proceeds from the proposed bond issue to refinance existing debt that will mature this year, the officials said. Both the officials and the banker spoke on condition of anonymity as they are not authorised to speak to the […]
Adani Green Energy Q3 net profit jumps to Rs 256 crore – EQ
In Short : Adani Green Energy has reported a significant increase in its net profit for the third quarter, reaching Rs 256 crore. This robust financial performance reflects the company’s continued growth and success in the renewable energy sector. In Detail : Adani Green Q3FY24 results: The company’s revenue from operations rose 17 per cent […]