Adani Renewable Energy Forty Eight Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL) on Tuesday announced that it has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat.
With this, AGEL’s total operational renewable generation capacity has increased to 11,666.1 MW, the company said in a regulatory filing.
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Based on the relevant clearances, AGEL said, it was decided to operationalize the plant and commence power generation from January 15, 2025.
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Earlier in December, Adani Green Energy had incorporated a new wholly owned subsidiary — Adani Green Energy Sixty Eight Limited. The authorised capital and paid-up capital of AGE68L was kept at Rs 1,00,000. The main objective of AGE68L, it had said, is to generate, develop, transform, distribute, transmit, sell and supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy.
In October, Adani Green Energy reported its fiscal second quarter earnings with net profit at Rs 515 crore, up 39 percent YoY from Rs 371 crore in the same period last year. The company’s total income increased by 30.4 per cent to Rs 3,376 crore as against Rs 2,589 crore in the same period last year. However, its total expenses also witnessed a 31.3 per cent on-year growth to Rs 2,837 crore.
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