Stock Report

Adani Green switches on India's first hybrid power plant

Posted On : 2022-05-29 18:20:09( TIMEZONE : IST )

Adani Green switches on India's first hybrid power plant

AHEJOL, a subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 390 MW wind-solar hybrid power plant in Rajasthan. This plant in Jaisalmer is, the first ever wind and solar hybrid power generation plant in India. The hybrid power plant integrated through solar and wind power generation, harnesses the full potential of renewable energy by resolving the intermittency of the generation and provides a more reliable solution to meet the rising power demand.

"Wind-Solar Hybrid energy is an important aspect of our business strategy which aims to meet India's growing need for green energy," said Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd. "The commissioning of our hybrid plant is an incremental step towards meeting India's sustainable energy goals. We are extremely proud of the unrelenting effort our team has put in to deliver India's first wind-solar hybrid plant. This project is a part of the first construction facility by international banks in Adani Green. It is commendable that the project was successfully executed amidst the uncertainties imposed by the global pandemic."

The new plant has a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) with tariff at Rs. 2.69 per kWh, well below the Average Power Procurement Cost (APPC) at national level, delivering access to affordable, modern, and clean energy to all. With the successful commissioning of this plant, AGEL now has an operational capacity of 5.8 GW. This places AGEL's total renewable portfolio of 20.4 GW well on track to meet its vision of 45 GW capacity by 2030.

The Adani Group's Energy Network Operation Centre (ENOC) platform has consistently demonstrated and aided the Group in achieving superior operational performance of the entire renewables portfolio spread across various locations in India. The ENOC platform will be instrumental in delivering industry-leading performance through this newly commissioned wind-solar hybrid power plant. Adani Green is committed to all the UNSDGs with focus on SDGs 7, 9, and 13.

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 2165.85 as compared to the previous close of Rs. 2169.85. The total number of shares traded during the day was 63403 in over 6712 trades.

The stock hit an intraday high of Rs. 2220.05 and intraday low of 2139.50. The net turnover during the day was Rs. 137937247.00.

Source : Equity Bulls


AdaniGreenEnergy INE364U01010 ProjectCommissioning 390MW Wind Solar HybridPowerPlant Rajasthan