Page 10 - Adani Green Energy

Adani, TotalEnergies to set up EV charging stations at new MG dealerships

A unit of a joint venture between Adani group and French energy giant TotalEnergies will set up EV charging stations at new MG dealerships to bolster the charing network, the company said on Monday. "Adani TotalEnergies E-Mobility Limited (ATEL), a wholly-owned subsidiary of Adani Total Gas Limited (ATGL), and MG Motor India signed a memorandum of understanding (MoU) to strengthen the EV charging infrastructure in India," it said in a statement. In terms of MoU, ATEL will set up CC2 60 kW DC chargers at upcoming MG dealerships to bolster the charging network and enhance customer accessibility. "The partnership will also provide a comprehensive solution encompassing supply, installation, commissioning, operations, and maintenance of charging infrastructure. In addition, a digital platform will be launched to facilitate a seamless customer experience, covering discovery, user authentication, charging, and billing settlement through a dedicated mobile application," it said. Adani-Tota

Adani Green becomes first Indian firm with 10K MW renewable energy capacity

Adani Green Energy Ltd on Wednesday said it has commissioned 2,000 MW of solar capacity at the giant Khavda solar park in Gujarat that has made it the first company in India with over 10,000 MW of renewable energy capacity. The company now has an operating portfolio of 10,934 MW, largest in India. It has brought 2,848 MW renewables capacity on stream in FY24, according to a company statement. AGEL's operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity. The firm is aiming for 45 GW renewable energy by 2030. AGEL's 10,934 MW operational portfolio will power more than 5.8 million homes and avoid about 21 million tonnes of CO2 emissions annually, the statement said. "We are proud to be India's first das hazari in the renewables space," said Gautam Adani, Chairman of the Adani Group. "In less than a decade, Adani Green Energy has not just envisioned a greener future but has actualised it, growing from a mere idea to explore clean en

Robeco, Lombard Odier among buyers of new Adani Green Energy bonds

Adani Green and associated firms raised $409 million this month in the conglomerate's first debt sale since a damaging short-seller report last year

Adani Green Energy commissions 180MW solar plant at Devikot, Rajasthan

Adani Green Energy on Wednesday said it has operationalized a 180-MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), Adani Green Energy Ltd (AGEL), India's largest renewable energy company, said in a statement. With the successful commissioning of this plant, AGEL's operational solar portfolio has increased to 6,243 MW, and the total operational renewable generation capacity to 9,784 MW, the largest in India, the statement added. The 180-MW solar plant in Rajasthan will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and reducing around 0.39 million tonnes of CO2 emissions. Next-generation bifacial solar PV modules and horizontal single-axis solar trackers (HSAT) have been deployed to maximise generation through better efficiency of modules and tracking the sun throughout the day. The plant is equipped with waterless robotic mod

US graft probe into unrelated third party, says Adani Green Energy

Company added it has no relationship with the third-party and has not received any notice itself

Adani Green denies connection to US investigation involving 'third party'

In a statement filed with exchanges, Adani Green said it has no relationship with the third party and is "thus unable to comment" on the scope of the U.S investigation into the alleged dealings

Several of Adani's dollar bonds fell most in over six months on US probe

US investigators are digging into whether an Adani entity, or people linked to company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project

Adani group plans to invest $14 bn across its portfolio companies in FY25

Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance over the next 7-10 years to grow businesses, sources said. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurred in FY24. According to analysts, the portfolio is estimated to have incurred a capex of around USD 10 billion in FY24 that ends on March 31. Sources said these investments will set the stage for exponential profit growth. The group had previously guided a USD 100 billion capex over the next 7-10 years. Most of this investment is going to go into group fast growing businesses -- renewable, green hydrogen and airports. As much as 70 per cent of the planned capex will go into its green portfo

Adani Green Energy operationalises 126 MW wind power plant in Gujarat

Adani Green Energy on Thursday said it has operationalised the 126 MW capacity of a 300 MW wind power project in Gujarat. The 174 MW capacity was operationalised earlier. The project will produce 1,091 million electricity units, leading to a reduction of approximately 0.8 million tonnes of CO2 emissions annually, according to a statement. "Adani Wind Energy Kutchh Four Limited (AWEK4L), wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has operationalised an incremental 126 MW of merchant wind power project in Gujarat," the company said in a regulatory filing. With the operationalisation of the project, AGEL continues to strengthen its market leadership, operating India's largest renewable energy portfolio of 9,604 MW. Together with 174 MW operationalised earlier, an aggregate project capacity of 300 MW of wind power project is operationalised by AWEK4L, it stated. AGEL develops, owns, and operates utility-scale grid-connected solar, wind and hybrid renewable power ...

Laggards of 2023 scripting a rebound in 2024; Can the trend continue?

Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.

Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat

Adani Green Energy Ltd delivered 1,000 Mw in less than 12 months of starting work at Khavda. This involved installing about 2.4 million solar modules

Adani Group in discussions to offer $1.2 billion more bonds by June

The company is discussing the planned transaction with arrangers and bankers

Adani Green Energy's $409-million bond sale oversubscribed 7 times

This transaction represents the first bond deal for Adani Group since September 2021 and follows the successful equity raise of over $1.4 billion, which was completed in December last year

Adani Green operationlises additional 448 MW solar projects at Khavda

Adani Green Energy subsidiary Adani Green Energy Twenty Four B has operationalised an additional 448.95 MW solar power projects at Khavda in Gujarat. Together with earlier intimation dated February 14, 2024, an aggregate of 1,000 MW of solar power projects are operationalised at Khavda, Gujarat, a regulatory filing stated. According to the filing, Adani Green Energy Twenty Four A Ltd and Adani Green Energy Twenty Four B Ltd, wholly-owned step-down subsidiaries of Adani Green Energy Ltd (AGEL) have operationalised an incremental 448.95 MW of solar power projects at Khavda. With the operationalisation of these plants, AGEL's total operational renewable generation capacity has increased to 9,478 MW in its journey of 45 GW capacity by 2030. Based on the relevant clearances, it was decided at 11.49 pm on March 4, 2024, to operationalise the plants and commence the sale of power generated from March 5, 2024, the filing said. On February 14, 2024, the company informed that its arms A

Adani's first bond issue sees massive comeback to international market

Adani Green's bonds paid a yield of 6.7%, 42.5 basis points cheaper than levels initially proposed when the deal was announced this morning, thanks to strong investor demand

Adani Green plans to raise $409 million US dollar bonds to repay loan

Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, plans to raise USD 409 million through US dollar-denominated bonds to repay a debt obligation falling this year. In a regulatory filing, the company said the bond will have a door-to-door tenor of 18 years. The proceeds will be used to redeem the USD 500 million 6.25 per cent senior secured notes due 2024, it said adding these notes were issued on June 10, 2019. Three subsidiaries of Adani Green Energy Twenty-three Ltd, a unit of AGEL, are co-issuers. AGEL has a portfolio of 20,844 MW of operational and under execution projects to produce electricity from solar energy. Separately, Fitch Ratings said it has the proposed bond issue an expected rating of 'BBB-(EXP)'. "The Outlook is Stable." "The company plans to use the proposed US dollar notes to refinance its five-year bullet USD 500 million senior secured notes due 2024. The proposed notes will have security and protective structural fea

Adani Green Energy to raise $409 million via US dollar-denominated bonds

Since then, most of the group's foreign bonds are back above the levels they traded at before the Hindenburg report, giving the company comfort to look at a fresh issue of dollar bonds

Adani shares buck trend, rally up to 5% in a slippery market

Renewed confidence among overseas investment firms has helped lift sentiment at the Adani Group counters on BSE and NSE.

Adani Green Energy likely to raise $500 mn by tapping dollar bond market

Adani Green Energy recently completed the funding to redeem its $750 million bonds due in September, eight months before they mature

Adani Green starts generating power at Khavda renewable power plant

Adani Green said once the Khavda plant is fully operational, it will be able to generate 81 billion units of clean electricity