Adani Green Energy: Latest Updates
December 3, 2024
Strategic Investments
Adani Green Energy Ltd. (AGEL) has secured a $1 billion investment from the Adani Group to address bond maturities and fuel future growth. This includes issuing preferential shares to founders and exploring other financial options.
Capacity Expansion
AGEL is targeting 45 GW renewable energy capacity by 2030. Recently, it completed Power Purchase Agreements (PPAs) for its 8,000 MW manufacturing-linked solar tender with SECI. Its operational capacity has grown by 16% YoY to 8,478 MW.
Global Leadership
Ranked as the second-largest solar PV developer globally, AGEL boasts a total solar capacity of 18.1 GW. Projects like the Khavda renewable power plant in Gujarat showcase its commitment to innovation and scale.
Financial Highlights
AGEL reported a 59% YoY increase in energy sales, with 16,293 million units sold in FY24. Its industry-leading EBITDA margin highlights its operational excellence.
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