Shares of Adani Green Energy Ltd are in the spotlight on Wednesday morning after the country’s largest renewable energy company said it has surpassed 10,000 megawatts (MW) of operating portfolio.
Adani Green Energy said in a stock exchange filing today that its operating portfolio consists of solar, 1,401 MW of wind and 2,140 MW of hybrid wind and solar capacity. Shares of Adani Green Energy touched a high of Rs 1,904.65 before erasing modest gains. The stock was later trading at Rs 1,885, down 0.44 percent.
The company said it is undertaking the largest greenfield expansion in India’s renewable energy sector and accounts for about 11 percent of India’s installed solar and wind capacity, accounting for more than 15 percent of solar installations in India.
Adani Group Chairman Gautam Adani said that in less than a decade, Adani Green Energy “has not only envisioned a greener future, it has made it happen, going from just an idea to explore clean energy to a phenomenal 10,000 MW of installed capacity.” This achievement is a demonstration of the speed and scale at which the Adani Group is working to facilitate India’s transition to clean, reliable and affordable energy.”
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Adani says electricity generation will reach 45,000 megawatts by 2030, and his company is building the world’s largest renewable energy plant in Khavda. This is an unprecedented 30,000 MW project globally.
By combining innovative technology, operational capabilities, digitization, strong supply chain networks and long-term infrastructure financing with sustainable practices, Adani Green is driving clean energy transition and decarbonization at giga-scale.
