Gautam Adani-Backed Power Company Bags 400-MW Solar Order From Uttar Pradesh Power Corporation Ltd
The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonization goals.
Adani Green Energy Limited (AGEL), through its wholly-owned subsidiary Adani Renewable Energy Holding Twelve Limited (AREH12L), has secured a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) to supply 400 MW of solar power. This grid-connected solar photovoltaic (PV) power project will be developed in Rajasthan, with a contracted tariff of Rs. 2.57/kWh for a period of 25 years, adhering to the terms of the UPPCL tender. Notably, there is no promoter or promoter group interest in UPPCL, and AREH12L is a wholly-owned subsidiary of AGEL.
Earlier, Adani Green Energy Limited, via its wholly-owned stepdown subsidiaries—Adani Renewable Energy Fifty Six Limited (200 MW Solar), Adani Renewable Energy Forty One Limited (109.2 MW Wind), and Adani Green Energy Twenty Four A Limited (87.5 MW Solar)—has successfully operationalized a combined 396.7 MW of renewable energy projects in Khavda, Gujarat, as decided at 7:44 p.m. on March 27, 2025, with power generation commencing on March 28, 2025. This commissioning boosts AGEL's total operational renewable generation capacity to 13,487.8 MW.
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About Adani Green Energy Limited
Adani Green Energy Limited (AGEL) is India’s largest and one of the leading renewable energy companies in the world, enabling the clean energy transition. AGEL develops, owns, and operates utility-scale grid-connected solar, wind, hybrid and hydro-pumped storage renewable power plants. AGEL currently has an operating renewable portfolio of 11.2 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling large-scale adoption of affordable clean energy. AGEL’s operating portfolio is certified ‘water positive for plants of more than 200 MW capacity’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment to powering sustainable growth.
Disclaimer: The article is for informational purposes only and not investment advice.