The logo of the Adani group on an office in Ahmedabad. Representational image
| Photo Credit: Reuters

Adani Green Energy Ltd on Wednesday said it has commissioned 2,000 MW of solar capacity at the giant Khavda solar park in Gujarat that has made it the first company in India with over 10,000 MW of renewable energy capacity.

The company now has an operating portfolio of 10,934 MW, largest in India.

It has brought 2,848 MW renewables capacity on stream in FY24, according to a company statement.

AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity.

The firm is aiming for 45 GW renewable energy by 2030.

AGEL’s 10,934 MW operational portfolio will power more than 5.8 million homes and avoid about 21 million tonnes of CO2 emissions annually, the statement said.

“We are proud to be India’s first das hazari in the renewables space,” said Gautam Adani, Chairman of the Adani Group.

“In less than a decade, Adani Green Energy has not just envisioned a greener future but has actualised it, growing from a mere idea to explore clean energy to achieving a phenomenal 10,000 MW in installed capacity. This achievement is a demonstration of the rapidity and scale at which the Adani Group aims to facilitate India’s transition to clean, reliable and affordable energy,” he said.

“In our drive towards 45,000 MW (45 GW) by 2030, we are building the world’s largest renewable energy plant in Khavda — a 30,000 MW project unparalleled on the global stage. AGEL is not just setting benchmarks for the world but redefining them,” he said.

AGEL also said that its operating portfolio is certified ‘single-use plastic free’, ‘zero waste-to-landfill’ and ‘water positive for plants with more than 200 MW capacity’.

Built on 538 square kilometres, Khavda plant is five times the size of Paris and almost as large as Mumbai.

AGEL has operationalised 2,000 MW cumulative solar capacity (i.e. over 6 per cent of the planned 30,000 MW) within 12 months of commencing work.

  Work at Khavda continues at a fast pace, with AGEL leveraging the project execution capabilities of Adani Infra, the manufacturing expertise of Adani New Industries Limited, the operational excellence of Adani Infrastructure Management Services Ltd. and the robust supply chain of our strategic partners, it said.

London:

Adani Green Energy Ltd (AGEL) announced its sponsorship of the London Science Museum’s (LSM) latest exhibit, the ‘Energy Revolution’ gallery on Tuesday, in a partnership aimed at highlighting the global transition towards renewable energy.

The unveiling of the gallery marks a significant step towards raising awareness about the pressing need to combat climate change through sustainable energy practices.

Oliver Carpenter, the Curator of Infrastructure and Built Environment at the Science Museum in London, shared insights regarding the significance of the ‘Energy Revolution’ gallery and the pivotal role it plays in addressing the climate crisis.

In an interview with the news agency ANI, Mr Carpenter articulated the essence of the gallery, stating, “It’s a gallery about the most pressing issue of our times, which is in order to avert the worst impacts of climate change, we need to urgently transition towards lower carbon, sources and uses of energy.”

“So in this gallery, we have a real mixture of striking displays of contemporary technology and some historic objects from the Science Museum’s collections,” he further said.

“We care for millions of objects so we’ve brought out some of the latest and greatest for this display along with some of the stories and objects that talk about some of the history of the current low-carbon energy transition,” he added.

Mr Carpenter further elaborated on the diverse displays featured in the gallery, ranging from contemporary technology to historic artefacts, all of which underscore the imperative of embracing renewable energy solutions.

Reflecting on the genesis of the gallery, Mr Carpenter emphasised the critical importance of the current decade in catalysing global action towards sustainability.

He highlighted the role of low-carbon energy sources, such as solar, wind, and nuclear energy, in shaping a more sustainable future.

Mr Carpenter said, “We’re in a really crucial decade for action around the world and if we can seize the opportunity now to make use of these great low-carbon energy sources from solar to wind to maybe nuclear energy to different forms of low-carbon energy sources and transition towards those and then use that energy around our everyday lives from moving around from transport to the way we build and heat and cool our buildings in lower carbon ways, then we can reduce the impact of humans on the planet and move towards a more sustainable future.”

He added, “And that’s what this gallery really highlights, those stories from the UK and from around the world where people or individuals or communities, companies are imagining these lower carbon futures and the actions they’re taking to achieve their aims.”

The gallery, he explained, showcases stories from around the world where individuals, communities, and companies are spearheading initiatives to embrace lower carbon futures and reduce humanity’s impact on the planet.

In response to a query regarding Adani Green Energy’s contribution, Mr Carpenter highlighted the company’s commitment to renewable energy and low-carbon technologies.

He emphasized how AGEL’s sponsorship of the gallery aligns with its ambitions to become a leading renewable energy company and underscores the themes celebrated within the exhibition.

Adani Green Energy’s sponsorship of the ‘Energy Revolution’ gallery signifies a significant commitment to advancing the discourse on renewable energy transition and promoting sustainable practices on a global scale.

Mr Carpenter said, “Adani Green Energy, they are a renewable energy company and they’re heavily invested in low-carbon technologies, energy technologies.”

He further said, “And so this gallery takes some low-carbon energy technologies and highlights how they can play a key role in the future of a low-carbon energy system. their ambitions to be a very large renewable energy company and the ideas and the themes of this gallery, so they’re sponsoring the gallery.”

As visitors explore the gallery, they are invited to envision a future powered by clean and renewable energy sources, thereby contributing to collective efforts to combat climate change.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

Bengaluru:

Adani Green Energy on Monday reported a more than two-fold growth in second-quarter profit, helped by strong power sales to customers.

The country’s power demand is growing rapidly, with strong economic growth boosting demand from factories and households.

Adani Green’s energy sales rose 87% in the quarter, mainly driven by solar-wind hybrid category, the green energy arm of Adani Group said.

Consolidated profit rose to 3.71 billion rupees ($44.6 million) for the quarter ended Sept. 30, from 1.49 billion a year ago.

Adani Green, which has an operational capacity of 8,316 megawatt of renewable energy, reported a 80% jump in revenue from power supply, which more than offset a 42% jump in expenses. Total income rose 54%.

Revenue of power producers such as Adani Green gets a boost as the size of their portfolio with long-term deals increases.

Shares of Adani Green, which lost over half of their value since U.S. short-seller Hindenburg Research’s report in January, were up 6.1% after results.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)