Adani Green Share Price: Adani Green Energy Limited (AGEL) has further strengthened its position as India’s largest renewable energy company by commissioning a 57.2 MW wind-solar hybrid project at Khavda, Gujarat on January 14, 2025. This new addition brings AGEL’s total operational renewable generation capacity to an impressive 11,666.1 MW.
Key Highlights of the New Wind-Solar Hybrid Project
- The project was developed by Adani Renewable Energy Forty Eight Limited, a subsidiary of AGEL.
- It includes a 57.2 MW wind power component as part of a broader hybrid energy initiative.
- Power generation from this plant will commence on January 15, 2025, following regulatory clearances.
Adani Green Energy’s Growth Journey
- Financial Performance:
- Net Profit (Q2 FY24): ₹515 crore, up 38.8% YoY.
- Revenue Growth: ₹3,055 crore, marking a 27.6% increase compared to the same period last year.
- EBITDA for Q2 FY24 stood at ₹2,272 crore, with a margin of 74.4%.
- Portfolio Achievements:
- Solar Capacity Utilization Factor (CUF): 23.9% with 99.4% plant availability.
- Wind CUF: 35.7% with 95% plant availability.
- Hybrid CUF: 42.9%, supported by 99.6% plant availability.
Adani Green’s Contribution to India’s Renewable Energy Goals
Adani Green Energy has been pivotal in achieving India’s ambitious renewable energy targets, with a focus on innovative hybrid projects like the one in Khavda. The company has embraced the “Make in India” initiative by prioritizing domestic manufacturing and technological advancements.
Future Outlook
With the commissioning of this new project, Adani Green Energy is poised for:
- Enhanced Operational Readiness: Leveraging a diversified energy portfolio.
- Increased Profit Margins: Supported by robust CUF and high plant availability.
- Strategic Expansion: Through public and private partnerships in renewable technologies.
Stock Market Reaction
Shares of Adani Green Energy Limited closed at ₹1,007.55, rising by 13.22% on the BSE following the project’s commissioning announcement. This reflects growing investor confidence in the company’s commitment to sustainable energy solutions.
Conclusion
Adani Green Energy continues to redefine India’s renewable energy landscape. The Khavda wind-solar hybrid project exemplifies their commitment to innovation, sustainability, and national energy security. With projects like these, Adani Green Energy is not just meeting energy demands but setting benchmarks for a cleaner and greener future.