Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, is going to commission around 3 GW of renewable energy capacity in FY 2023-24.
The developer has achieved either financial closure or binding term sheets for about 1.1 GW of this upcoming 3 GW.
“For approximately 500 MW, financial closure is already achieved. [These projects] are in an advanced stage of construction and will be operational soon. Out of the balance capacity, it already has the binding term sheet in place for one large solar and one large wind project aggregating to another 600 MW,” AGEL stated in its investors meet.
AGEL added 2,677 MW of renewable capacity to its operational fleet in FY2022-23, taking its operational renewable portfolio to 8,086 MW—the largest in India. The new addition included 2,140 MW solar-wind hybrid plants in Rajasthan, 325 MW wind power plant in Madhya Pradesh, and 212 MW solar power plants in Rajasthan.
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