Adani Green Energy (AGEL) on Wednesday said it has commissioned 551 MW solar capacity at Khavda renewable energy (RE) park in Gujarat.
The Adani group firm said it has achieved this milestone within 12 months of commencing work on the RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem.
AGEL plans to develop 30 GW of renewable energy capacity at this RE park. The planned capacity is expected to be operationalised in five years. When completed, the Khavda RE park is expected to be the largest renewable energy installation in the world.
According to the company, energy from the park can power 16.1 million homes each year.
“Through bold and innovative projects like the Khavda RE plant, AGEL continues to set higher global benchmarks and rewrite the world’s planning and execution standards for giga-scale renewable energy projects,” Gautam Adani, chairman, Adani group, said.
“This milestone is a validation of the Adani group’s commitment and leading role in accelerating India’s equitable clean energy transition journey towards its ambitious goals of 500 GW of renewable energy capacity by 2030 and carbon neutrality.”
On Wednesday, the AGEL stock rose 1.96 per on the BSE to Rs 1,852.70.
