A new wind power facility in Gujarat has been put into operation by Adani Wind Energy Kutchh Five Limited, a division of Adani Green Energy that was originally known as Adani Green Energy Five Limited (AWEK5L). The Kutchh region of Gujarat is home to the 130 MW wind power plants.
The business said on Friday that Solar Energy Corporation of India (SECI) and the plant have a 25-year power purchase agreement (PPA) for 130 MW at a cost of Rs 2.83/kWh.
With this, the total operational renewable generation capacity of Adani Green Energy has climbed to 8,216 MW and the operational wind generation capacity has increased to 1,101 MW.
According to the company, this is completely in line with Adani Green Energy's goal for its renewable portfolio to reach a capacity of 45 GW by 2030.
The group's "Energy Network Operation Centre" (ENOC) platform, which has helped the company with the operational performance of its entire renewable portfolio across the country, will be in charge of managing the newly commissioned plant.
Part of the Adani Group, Adani Green Energy has one of the largest global portfolios of renewable energy, with 20.4 GW of operating, under-construction, and projects serving investment-grade counterparties.
Adani Green Energy's stock, meanwhile, ended a two-day losing streak to open Friday's trading slightly higher. The stock was last seen trading at Rs. 971.95, up 0.12% from its previous closing of Rs. 970.80.