Business

Adani Green Energy Announces Strong Q1 FY25 Results with EBITDA of Rs. 2,374 crore, up by 23%

July 25, 2024 Vinayak Barot

Ahmedabad, 25 July 2024: Adani Green Energy Ltd (AGEL), India’s largest and fastest-growing pure-play renewable energy company, has announced financial results for the quarter ending 30 June 2024, showcasing significant growth and operational excellence.  FINANCIAL PERFORMANCE – Q1 FY25: (Rs. in crore) Particulars Quarterly Performance Q1 FY24 Q1 FY25 % change         […]

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Business

India Ratings upgrades Adani Green Energy to ‘IND AA-’ from ‘IND A+’with stable outlook

May 30, 2024 Vinayak Barot

India Ratings and Research (Ind-Ra) has elevated the Long-Term Issuer Rating of Adani Green Energy Limited (AGEL) from ‘IND A+’ to ‘IND AA-‘, with a Stable outlook. This significant upgrade underscores AGEL’s robust operational performance, enhanced execution capabilities, and improved financial health, on May 30. The upgrade reflects AGEL’s strong operational asset performance, increased annual capacity additions, and […]

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Business

Adani Green Energy becomes India’s first to surpass 10,000 MW renewable energy

April 3, 2024 Vinayak Barot

Ahmedabad, 3 April 2024: Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid. AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid […]

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Business

Adani Green Energy completes operationalization of 300 MW wind power project in Gujarat

March 14, 2024 Vinayak Barot

Ahmedabad, 14 March 2024: Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has operationalized 126 MW wind power capacity in Gujarat. This marks the completion of the 300 MW of project, with 174 MW being operationalized earlier. The 300 MW wind project will produce ~1,091 million […]

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Business

Adani Portfolio leading the way in ESG

December 12, 2023 Vinayak Barot

Ahmedabad, 12 December 2023: Adani Group, India’s largest integrated infrastructure developer, today released its half-yearly ESG compendium, showing significant progress in its decarbonization pathway and its ambition to support the global net zero journey. The group, which is at the forefront of India’s green energy transition, has set a target to become net zero by […]

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Business

Adani Green Energy Ltd announces Q1 FY23 Results, Sale of energy increases by 73%

August 2, 2022 Vinayak Barot

Ahmedabad, August 02, 2022: Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter ended June 30, 2022. The performance snapshot for the period is as follows: Operational Performance – Q1 FY23:     Particulars Quarterly performance Q1 FY23 Q1 FY22 % change Operational […]

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Business

Adani Green Energy raises Rs 612.30 Cr for debt refinancing

February 4, 2022 Vinayak Barot

Issues Rated, Listed, Secured, Redeemable, Non-Convertible Debentures to raise Rs 612.30 Cr The funds will be used to refinance existing debt NCDs have an average coupon rate of 7.83% p.a. which is significantly lower than existing debt Ahmedabad, 4 February 2022: Three subsidiaries of Adani Green Energy Ltd – Adani Green Energy (UP) Ltd, Prayatna […]

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Business

Adani Signs World’s Largest Green PPA with SECI

December 14, 2021 sanket

Adani Green Energy to Supply 4,667 MW Adani is on track to be the world’s largest renewables player by 2030 This is the world’s largest ever green power purchase agreement AGEL has signed PPAs for close to 6000 MW of the 8,000 MW awarded The balance 2000 MW PPAs to be closed in the next […]

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Business

Adani Green Energy to acquire 75 MW operating solar projects from Sterling & Wilson for Rs. 446 Cr

March 24, 2021 sanket

AGEL has signed definitive agreements with Sterling & Wilson Private Limited for the acquisition of 100% stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects at Telangana The acquisition is at an enterprise valuation of approximately Rs. 446 Cr With this acquisition, AGEL will have operating renewable capacity of 3,470 […]

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Business

Adani Green Energy to acquire 50 MW Solar Asset from SkyPower Global

March 20, 2021 sanket

AGEL has signed definitive agreements with the Toronto-headquartered SkyPower Global for acquisition of 100% stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset at Telangana With this acquisition, AGEL will have operating renewable capacity of 3,395 MW with a total renewable portfolio of 14,865 MW Ahmedabad, 20 March, 2021: Adani Green […]

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