These projects are part of the world's largest renewable energy plant located in Khavda, Gujarat. AGEL will contribute its existing assets to the JV, while TotalEnergies will invest USD 444 million to accelerate the development of these projects.
The consolidated revenues were at Rs 2,528 crore as against Rs 2,045 crore registered in the same quarter of last year, data showed, as the fastest-growing renewable energy company announced financial results for the quarter ending June 2024 on Thursday.
According to a press release, this brings the cumulative operational capacity at the Khavda plant to 2,250 MW, reinforcing AGEL's leadership with a total operational portfolio of 11,184 MW across India.
Adani Green Energy Limited is developing 30 GW renewable energy plant on barren land at Khavda in Kutch of Gujarat over area of 538 sq km after which the project would be the planet's largest power plant.
Adani Group Chairman, taking to X on Tuesday, said he was grateful to the Amabassador for his visit to Adani's 30 GW Renewable Energy site at Khavda and Mundra Port.
India's cumulative infrastructure spending will exceed 2.5 trillion dollars by FY32, highlights Gautam Adani at an event organised by CRISIL on 'Infrastructure the catalyst for India's future'.
The Khavda Renewable Energy Park in Gujarat, India, spans approximately 200 square miles and promises to be a game-changer in the global renewable energy landscape.
Hiroshi Suzuki, Ambassador of Japan to India and Bhutan, indicated that Japan is looking forward to working with Adani Group after meeting Gautam Adani, chairman of Adani Group on May 29.
The upgrade considers AGEL's continued strong operational asset performance and a scale-up in execution, with annual capacity additions projected to increase to 4GW-5GW from the previous 2.5-3.5GW.
The company entered into a strategic partnership with Almia Group, the primary distributor of Adani Solar panels in Kerala, to advance its efforts in the solar energy sector.
AGEL reported robust financial results for the fourth quarter of the fiscal year 2023-24. Executive Director Sagar Adani provided commentary on the company's performance and outlined its strategic initiatives for the future.