Adani Green Energy's Renewable Energy Capacity Hits Record 15,000 MW
Following the company's announcement that its operating capacity had surpassed 15,000 megawatts (MW), Adani Green Energy's share price increased by more than one percent this week, with the Adani Group shares increasing by up to 1.37 percent to Rs.1,029.75 per share on BSE.
According to Adani Green Energy, the business has operationalized 1,011.5 MW of power plants in Khavda, Gujarat, through its many stepdown subsidiaries.
Adani Green Energy now has 15,539.9 MW of operational renewable power capacity after these plants were put into service.
This achievement is India's greatest and fastest capacity expansion to date.
According to Adani Green Energy, the operating portfolio consists of about 11,005.5 MW of solar, 1,977.8 MW of wind, and 2,556.6 MW of wind-solar hybrid capacity.
Mostly through greenfield projects, Adani Green Energy is the first and only renewable energy firm in India to accomplish this historic milestone, the company said.
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“We aim to accelerate even faster from 15,000 MW to 50,000 MW by 2030, remaining steadfast in our mission to power India and the world with sustainable energy solutions,” says Ashish Khanna, CEO, Adani Green Energy.
Approximately 7.9 million households can be powered by Adani Green Energy's 15,539.9 MW operating portfolio.
On the desolate waste area at Khavda in Kutch, Gujarat, Adani Green Energy is building the largest renewable energy facility in the world, with a capacity of 30,000 MW. It is five times the size of Paris, spanning 538 square kilometers, and will even be visible from space.
The corporation denotes that, when finished, it will be the biggest power plant on Earth in terms of all energy sources.
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At Khavda, the company has so far operationalized a cumulative capacity of 5,355.9 MW for renewable energy.
The price of Adani Green Energy's stock has increased by more than seven percent during the last three months, but it has stayed unchanged for one month. The shares of the Adani group has decreased three percent year-to-date (YTD), and 43 percent over the last year. Over the last five years, shares of Adani Green Energy have produced impressive gains of 185 percent.
NSE Sustainability Ratings & Analytics Ltd, a division of the National Stock Exchange (NSE), has ranked Adani Green Energy #1 in the utilities/power sector's ESG (Environmental, Social, and Governance) ratings. The NSE just introduced its ESG ratings for listed businesses.
Additionally, out of the top 100 listed firms by revenue on the NSE, AGEL is ranked in the top five organizations in terms of ESG ratings.
According to the NSE's Rating Rationale, In terms of governance, society, and the environment, AGEL does well. Socially conscious behavior and efficient governance underpin well-integrated environmental projects. It exhibits a sophisticated approach to sustainability.