Adani Green Energy Ltd.
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Adani Green Energy Ltd. is an Indian company that operates in the renewable energy generation sector. The company was founded in 2015 and has since become one of the largest renewable energy companies in India. Adani Green Energy Ltd. is a subsidiary of Adani Group, which is a conglomerate with interests in various sectors including energy, infrastructure, and logistics.
The company's primary focus is on decarbonisation, which is the process of reducing carbon emissions to combat climate change. Adani Green Energy Ltd. is committed to reducing the carbon footprint of the energy sector by increasing the use of renewable energy sources such as solar and wind power. The company's mission is to provide clean, affordable, and sustainable energy to the people of India.
Adani Green Energy Ltd. has a diversified portfolio of renewable energy projects, including solar and wind power plants. The company has a total installed capacity of 14.8 GW, which includes 3.5 GW of operational capacity and 11.3 GW of under-construction capacity. The company's projects are spread across various states in India, including Rajasthan, Gujarat, Maharashtra, Tamil Nadu, and Karnataka.
One of the key strategies of Adani Green Energy Ltd. is to provide corporate energy solutions to businesses. The company offers corporate power purchase agreements (PPAs) to businesses that want to switch to renewable energy sources. Corporate PPAs allow businesses to purchase renewable energy directly from the source, which helps them reduce their carbon footprint and meet their sustainability goals.
Adani Green Energy Ltd. has signed several corporate PPAs with leading companies in India, including the Indian Railways, the National Thermal Power Corporation (NTPC), and the Gujarat Urja Vikas Nigam Limited (GUVNL). The company has also signed a 25-year PPA with the Solar Energy Corporation of India (SECI) for a 2 GW solar power project in Rajasthan.
Adani Green Energy Ltd. is also involved in the development of hybrid renewable energy projects, which combine solar and wind power. The company has developed India's first large-scale hybrid renewable energy project, which has a total capacity of 1.2 GW. The project is located in the state of Tamil Nadu and consists of a 600 MW wind power plant and a 600 MW solar power plant.
In addition to its renewable energy projects, Adani Green Energy Ltd. is also involved in the development of energy storage solutions. The company has signed an agreement with the French energy company Total to develop a joint venture for energy storage solutions in India. The joint venture will focus on developing energy storage solutions for renewable energy projects, which will help to address the issue of intermittency associated with solar and wind power.
Adani Green Energy Ltd. is committed to sustainability and has implemented several initiatives to reduce its environmental impact. The company has implemented a waste management program, which includes the segregation and recycling of waste generated at its project sites. The company has also implemented a water conservation program, which includes the use of rainwater harvesting and drip irrigation systems.
In conclusion, Adani Green Energy Ltd. is a leading renewable energy company in India that is committed to decarbonisation and sustainability. The company's diversified portfolio of renewable energy projects, corporate energy solutions, and energy storage solutions make it a key player in the Indian renewable energy sector. Adani Green Energy Ltd. is well-positioned to capitalize on the growing demand for renewable energy in India and is poised to play a significant role in the country's transition to a low-carbon economy.