Adani Green Energy is set to generate 1 gigawatt of power solely from wind energy after its unit commissioned a wind power plant in Gujarat’s Kutch (Kachchh).
What Happened? Adani Wind Energy Kutchh Five, a subsidiary of the clean energy arm of the Adani Group, has commissioned 130-megawatt wind power plant, the company said in a filing. The plant has a 25-year power purchase agreement with Solar Energy Corporation of India (SECI) at Rs. 2.83/kWh.
With the new plant, Adani Green can now generate over 1 gigawatt from wind energy alone, while the group’s overall renewable energy capacity has gone over 8.2 gigawatts of power.
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The company said the move places its total renewable portfolio on track to reach its 45 gigawatt capacity target by 2030.
Price Action: Adani Green shares dipped 0.19% to ₹968.80 in the early hours of trading on Friday.
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