Adani Green Energy Limited – Page 2

Business

AGEL and TotalEnergies to expand partnership, TotalEnergies to invest USD 300m in an AGEL-TotalEnergies JV

September 20, 2023 Vinayak Barot

Ahmedabad, September 20, 2023 –Adani Green Energy Limited (AGEL) and TotalEnergies have entered into a binding agreement to create a new JV, equally owned by TotalEnergies and AGEL, with a 1,050 MW portfolio. This portfolio will comprise a mix of already operational (300 MW), under construction (500 MW) & under development assets (250 MW) with […]

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Business

AGEL’s Operational Wind Generation capacity crosses 1 GW with commissioning of 130 MW Wind Power Plant in Gujarat

May 26, 2023 Vinayak Barot

Ahmedabad, 26 May 2023: Adani Wind Energy Kutchh Five Limited (“AWEK5L”, formerly known as Adani Green Energy Five Limited), a subsidiary of Adani Green Energy Limited (“AGEL”) has commissioned 130 MW Wind Power Plant at Kutchh in Gujarat. The plant has a 25 year Power Purchase Agreement (“PPA”) of 130 MW with Solar Energy Corporation of […]

Business

Adani Green wins Global Sponsor of the Year award

December 27, 2021 sanket

PFI recognizes AGEL as a key driver of energy transition AGEL is the only Indian company ever to win this award AGEL has set up the platform for 45GW of RE generation capacity by 2030 AGEL is acknowledged to be on track to become the largest renewable energy generator in the world The award signifies […]

Business

Adani Green Energy ramps up its ESG score

November 17, 2021 sanket

Scores 66 in S&P Global Corporate Sustainability Assessment Ahead of global average of 38 AGEL receives ESG benchmarking score of 66 out of 100 Average world electric utility sector score is 38 out of 100 AGEL remains committed to further improving its ESG score Ahmedabad, 17 November 2021: Adani Green Energy Ltd (AGEL), the world’s […]

Adani Green Energy Ltd Q2 & H1 FY22 RESULTS

October 28, 2021 sanket

Operational Capacity increased by 93% to 5,410 MW on YoY basis Revenue from Power Supply increased by 48% YoY to Rs. 1,682 cr in H1 FY22 Cash Profit increased by 45% to Rs. 859 cr in H1 FY22 Joined CDP’s The Science Based Targets Initiative Incubator Project (SBTiIP) Revised Board Charter implemented AGEL’s overall renewable […]

Business

Science Museum In London Announces Major New Climate Change Gallery

October 19, 2021 sanket

The new gallery is titled ‘Energy Revolution: The Adani Green Energy Gallery’ The free interactive gallery will open in 2023 Ahmedabad: Today the Science Museum announced a landmark new gallery, with Adani Green Energy Limited as title funder, examining how the world can undergo the fastest energy transition in history to curb climate change. The […]

Adani Green Energy closes India’s largest renewables M&A deal for USD 3.5 Billion; a 46% increase in operational capacity

October 4, 2021 sanket

SB Energy India is now 100% subsidiary of AGEL The transaction is for a fully completed enterprise valuation of USD 3.5 Bn (~Rs. 26,000 Cr) The acquired portfolio comprises ~100% sovereign rated counterparties. Average tariff for the portfolio is Rs. 2.75 per unit Transaction completed in less than four months with thorough due diligence, statutory […]

Business

Adani Green Energy to acquire 40 MW operational Solar Asset in Odisha

September 30, 2021 sanket

AREMHL, a subsidiary of AGEL, has signed definitive agreements for 100% acquisition of a special purpose vehicle (SPV) operated by Essel Green The SPV comprises of 40 MW operating solar project in Odisha The project has a 25-year PPA with SECI The acquisition is at an enterprise valuation of Rs 219 Cr With this acquisition, […]

Business

Adani Green Energy Continues to Ramp Up Focus On ESG: Raises USD 750 Mn to fully fund equity needs for its under construction pipeline

September 2, 2021 sanket

Green Bond Oversubscribed by over 4.7x Raised USD 750 Mn through 3 year notes under the 144A / Reg S format. Funds to be used for equity portion of capex for under construction projects AGEL’s entire pipeline now fully funded putting it on track to be the world’s largest renewable energy platform by 2030 Issuance […]

Business

AGEL reports highest Revenue and Cash Profit ever in a quarter

August 4, 2021 sanket

Revenue from Power Supply up by 39% YoY at Rs. 848 cr Cash Profit up by 35% at Rs.460 cr Renewable projects of 200 MW commissioned in Q1 FY22 under existing portfolio AGEL in the process of acquiring SB Energy’s 5 GW India renewable portfolio for a fully completed EV of USD 3.5 billion – […]