Adani Green Energy gains on operationalising 250 MW wind power project in Gujarat

Adani Green Energy informed the stock exchanges in a filing that its wholly-owned step-down subsidiary, Adani Renewable Energy Forty One Limited, has operationalised a 250 MW wind power project in Khavda, Gujarat.

The company said that the plant has one of India’s largest and one of the world’s most powerful onshore wind turbines, with a capacity of 5.2 MW. The Adani group added that the project's operationalisation has increased the Khavda plant's total operational capacity to 2,250 MW.

Last week, on July 16, Adani Green Energy, in its June quarter operational update, said that its operational capacity grew by 31% year-on-year to 10,934 MW, along with a greenfield addition of 2,418 MW solar and 200 MW wind power plants.

The company’s energy sales increased 22% year over year to 7,356 million units in Q1FY25, backed by capacity addition. The company’s power generation had a Compound Annual Growth Rate (CAGR) of 49% over the last four years.

Adani Green Energy Limited (AGEL) develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The electricity generated is supplied to central and state government entities and government-backed corporations. Adani Green Energy has a current project portfolio of 20,434 MW.

Adani Green Energy shares were trading at ₹1,720 apiece, up 0.1%, on the NSE at 2:15 pm.