Adani Green jumps on commissioning world`s largest hybrid power plant in Rajasthan
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Adani Green Energy is currently trading at Rs. 2089.50, up by 38.85 points or 1.89% from its previous closing of Rs. 2050.65 on the BSE.
The scrip opened at Rs. 2109.90 and has touched a high and low of Rs. 2139.15 and Rs. 2081.30 respectively. So far 28721 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3048.00 on 19-Apr-2022 and a 52 week low of Rs. 1106.00 on 29-Oct-2021.
Last one week high and low of the scrip stood at Rs. 2377.00 and Rs. 2040.10 respectively. The current market cap of the company is Rs. 332187.45 crore.
The promoters holding in the company stood at 60.50%, while Institutions and Non-Institutions held 16.89% and 22.61% respectively.
Adani Green Energy (AGEL) has commissioned 600 MW world’s largest co-located Wind-Solar Hybrid power plant ‘Hybrid Power Plant’ at Jaisalmer, Rajasthan. The plant has Power Purchase Agreements (PPA) with SECI at Rs 2.69/kwh for 25 years.
This Hybrid Power Plant has been implemented with cutting edge technology, consisting of 600 MW Solar and 150 MW Wind plants. The Solar plant uses technologically superior Bifacial PV modules and employs Horizontal Single-Axis Tracker (HSAT) technology to capture maximum energy from the sun. The co-located Hybrid Power Plant shall not only reduce intermittency of RE power, but shall also help the Nation in optimal utilisation of transmission network.
Earlier, in May 2022, AGEL had operationalized India’s first hybrid power plant with a capacity of 390 MW at Jaisalmer, Rajasthan. With the successful commissioning of this 600 MW plant, AGEL now has a total operational generation capacity of 6.7 GW, including operational hybrid power generation capacity of 1 GW, the largest in the World. This puts AGEL’s total renewable portfolio of 20.4 GW well on track to reach its vision of 45 GW capacity by 2030.
This 600 MW Hybrid plant is housed in two AGEL subsidiaries viz. Adani Hybrid Energy Jaisalmer Two (AHEJ2L) and Adani Hybrid Energy Jaisalmer Three (AHEJ3L).
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
