Adani Green Energy shares rise 4% as 551 MW solar capacity gets operational in Gujarat
Adani Green Energy (AGEL) shares rose nearly 4% to Rs 1,882 in Wednesday's trade on BSE after the firm said that it has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.
«AGEL achieved this milestone within 12 months of commencing work on the Khavda RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL also transformed the challenging and barren terrain of the Rann of Kutch into a habitable environment for its 8,000-strong workforce,» the company said in a BSE filing.
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«AGEL plans to develop 30 GW of renewable energy capacity at this RE park. The planned capacity is expected to be operationalized in the next five years. When completed, the Khavda RE park will be the largest renewable energy installation in the world,» it said.
Energy from the Khavda RE park can power 16.1 million homes each year. With proven expertise in developing largescale renewable projects, a robust supply chain network and technological prowess, AGEL is best positioned to build this record-setting gigascale plant with no parallel in the world’s clean energy sector, the firm further said.
The Adani group firm said that the region is endowed with one of the best wind and solar resources in the country, which makes it ideal for giga-scale RE development.
«AGEL conducted extensive studies and deployed multiple
