Adani Group

Adani Green Energy Becomes India’s First to Surpass 10,000 MW Renewable Energy

Retrieved on: 
Wednesday, April 3, 2024
Alternative Energy, Energy, Environment, Sustainability, Utilities, Waste management, Social capital, Kamuthi, Adani Green Energy, Wind, Adani Group, Plant, CO2, Renewable energy

Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid.

Key Points: 
  • Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid.
  • AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity.
  • The milestone is a testament to AGEL and its development partners firmly moving towards the goal of 45,000 MW renewable energy by 2030.
  • In our drive towards 45,000 MW by 2030, we are building the world's largest renewable energy plant in Khavda — a 30,000 MW project unparalleled on the global stage.

International Rating Agencies Affirm Rating With Upgraded “Stable” Outlook for Various Adani Portfolio Companies

Retrieved on: 
Thursday, February 15, 2024
Rail, Defense, Maritime, Air, Transport, Other Defense, Finance, Other Construction & Property, Professional Services, Other Energy, Construction & Property, Utilities, Oil, Gas, Agriculture, Alternative Energy, Natural Resources, Energy, Public Transport, International, Special economic zone, Bond credit rating, S&P, Adani Group, Qatar Investment Authority, Security (finance), Supreme court, GQG

International Rating agencies Moody’s (vide press release dated 13th February 2024) and S&P (vide press release dated 22nd January 2024) have affirmed and upgraded the outlook to “stable” for all the issuances for Adani complex issued in the international market by various Adani Portfolio companies.

Key Points: 
  • International Rating agencies Moody’s (vide press release dated 13th February 2024) and S&P (vide press release dated 22nd January 2024) have affirmed and upgraded the outlook to “stable” for all the issuances for Adani complex issued in the international market by various Adani Portfolio companies.
  • This assures high credit quality with stable and predictable cashflows across all issuers of Adani complex.
  • Adani Portfolio has the largest number of Investment Grade (BBB-/Baa3 and higher) rated issuances out of private companies in India and equivalent to India’s sovereign rating.
  • In our view, rated entities Adani Electricity Mumbai Ltd. (AEML) and Adani Ports and Special Economic Zone Ltd. (APSEZ) enjoy good competitive positions, healthy cash flows, and adequate liquidity to meet their debt-servicing requirements.”

Adani Green Begins Generation From The World's Largest Renewable Energy Park

Retrieved on: 
Wednesday, February 14, 2024
Carbon, Adani Green Energy, Adani Group, Workforce, Environment, Wind, Renewable energy

AHMEDABAD, India, Feb. 14, 2024 /PRNewswire/ -- Adani Green Energy Limited (AGEL), India's largest renewable energy (RE) company and the second largest solar PV developer in the world, has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.

Key Points: 
  • AGEL plans to develop 30 GW of renewable energy capacity at this RE park.
  • When completed, the Khavda RE park will be the largest renewable energy installation in the world.
  • "Adani Green Energy is creating one of the world's most extensive renewable energy ecosystems for solar and wind," said Mr Gautam Adani, Chairman, Adani Group.
  • Aligned to this, AGEL is committed to delivering the transition to affordable and reliable clean energy.

Adani Green Begins Generation From The World's Largest Renewable Energy Park

Retrieved on: 
Wednesday, February 14, 2024
Carbon, Adani Green Energy, Adani Group, Workforce, Environment, Wind, Renewable energy

AHMEDABAD, India, Feb. 14, 2024 /PRNewswire/ -- Adani Green Energy Limited (AGEL), India's largest renewable energy (RE) company and the second largest solar PV developer in the world, has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.

Key Points: 
  • AGEL plans to develop 30 GW of renewable energy capacity at this RE park.
  • When completed, the Khavda RE park will be the largest renewable energy installation in the world.
  • "Adani Green Energy is creating one of the world's most extensive renewable energy ecosystems for solar and wind," said Mr Gautam Adani, Chairman, Adani Group.
  • Aligned to this, AGEL is committed to delivering the transition to affordable and reliable clean energy.

Adani Has Emerged Stronger, Says Gautam Adani in a Statement, a Year Post Short-seller's Attack

Retrieved on: 
Thursday, January 25, 2024
Chemicals, Plastics, Other Professional Services, Energy, Manufacturing, Public Relations, Investor Relations, Finance, Communications, Professional Services, Other Transport, Rail, Maritime, Transport, Logistics, Supply Chain Management, Other Energy, Engineering, QIA, Illusion, Adani Group, JV, INR, Multimedia, FPO, Investment, Airport, Ground substance, News, Growth

The following is a statement provided by Adani Group Chairman Gautam Adani:

Key Points: 
  • The following is a statement provided by Adani Group Chairman Gautam Adani:
    This press release features multimedia.
  • This, however, was a unique two-dimensional attack – a financial one, of course, and also one that played out into the political space – each feeding off the other.
  • The trials and tribulations of the past year have taught us valuable lessons, made us stronger and reaffirmed our faith in Indian institutions.
  • I believe we have emerged even stronger from this experience and even more unwavering in our resolve to continue our humble contribution to the India growth story.

Chief Minister Eknath Shinde reinforces Maharashtra's trillion-dollar economic trajectory at the 2024 World Economic Forum 2024

Retrieved on: 
Friday, January 19, 2024
Adani Group, Microsoft, Magnetic Maharashtra, AB InBev, Agriculture, Hyundai Motor Company, WEF, Electronics, Investment, Dighi Port, FDI, JSW Steel, Cattle, Growth

DAVOS, Switzerland, Jan. 19, 2024 /PRNewswire/ -- The Chief Minister of Maharashtra, Shri Eknath Shinde, concluded his successful visit to the World Economic Forum 2024 (WEF) in Davos, signing MoUs aimed at attracting substantial investments into the state and meeting with international political, media and business leaders.

Key Points: 
  • This trip builds on the successes of the WEF Annual General Meeting in 2023 and continues to show the global belief that Magnetic Maharashtra is the stable and dependable gateway into India.
  • These strategic agreements will significantly boost the state's economic landscape.
  • Concluding his visit, Shri Shinde, Chief Minister of Maharashtra, said: "My visit to the World Economic Forum proved highly productive.
  • I am resolute in leading the state's initiatives to achieve our ambitious $1 trillion GDP goal.

Chief Minister Eknath Shinde reinforces Maharashtra's trillion-dollar economic trajectory at the 2024 World Economic Forum 2024

Retrieved on: 
Friday, January 19, 2024
Adani Group, Microsoft, Magnetic Maharashtra, AB InBev, Agriculture, Hyundai Motor Company, WEF, Electronics, Investment, Dighi Port, FDI, JSW Steel, Cattle, Growth

DAVOS, Switzerland, Jan. 19, 2024 /PRNewswire/ -- The Chief Minister of Maharashtra, Shri Eknath Shinde, concluded his successful visit to the World Economic Forum 2024 (WEF) in Davos, signing MoUs aimed at attracting substantial investments into the state and meeting with international political, media and business leaders.

Key Points: 
  • This trip builds on the successes of the WEF Annual General Meeting in 2023 and continues to show the global belief that Magnetic Maharashtra is the stable and dependable gateway into India.
  • These strategic agreements will significantly boost the state's economic landscape.
  • Concluding his visit, Shri Shinde, Chief Minister of Maharashtra, said: "My visit to the World Economic Forum proved highly productive.
  • I am resolute in leading the state's initiatives to achieve our ambitious $1 trillion GDP goal.

India’s Apex Court Disposes Case Against Adani Group in Hindenburg Matter

Retrieved on: 
Thursday, January 4, 2024
Professional Services, Courts, Public Policy, Government, Engineering, Chemicals, Plastics, Legal, Manufacturing, Organizing, Adani Group, Compound annual growth rate, Supreme court, USD, DFC, Yoy, Court of cassation, Corruption, Growth, Pils, Hindenburg Research, Judgement, OCCRP

India’s Supreme Court on Wednesday disposed-off the public interest litigations (PILs) filed last year after a short seller published a report making malicious and baseless claims against the Adani Group.

Key Points: 
  • India’s Supreme Court on Wednesday disposed-off the public interest litigations (PILs) filed last year after a short seller published a report making malicious and baseless claims against the Adani Group.
  • Commenting on this, Mr. Gautam Adani, Chairman of the Adani Group, said, “Truth has prevailed.
  • The Adani Group has continued its growth trajectory despite the developments during the last year.
  • The Adani Group also received important endorsement from the US government as it received $553 million financing for a port terminal in Sri Lanka.

Adani Promoters to Invest USD 1,125 million equity in Adani Green

Retrieved on: 
Tuesday, December 26, 2023
Other Energy, Utilities, Sustainability, Environment, Finance, Alternative Energy, Energy, Professional Services, Adani Group, Growth, USD, TotalEnergies, Adani Green Energy, INR, EGM, Adani, Renewable energy

The issuance is subject to the approval of regulatory and statutory authorities as well as the shareholders of the company at the Extraordinary General Meeting (EGM) scheduled on 18 January 2024.

Key Points: 
  • The issuance is subject to the approval of regulatory and statutory authorities as well as the shareholders of the company at the Extraordinary General Meeting (EGM) scheduled on 18 January 2024.
  • The funds shall be utilized for deleveraging and accelerated capital expenditure.
  • “India is on the cusp of becoming a global leader in renewable energy and Adani Green Energy is in the vanguard of this revolution,” said Mr Gautam Adani, Chairman of the Adani Group.
  • In addition, AGEL has announced USD 1.425 billion of equity capital (USD 1.125 billion from preferential issuance by promoters and USD 300 million from TotalEnergies JV), which translates to a capital raise of ~USD 3 billion.

Adani Green Energy Ranks Among Top 3 Global Solar PV Developer

Retrieved on: 
Wednesday, December 6, 2023
Other Energy, Oil, Gas, Alternative Energy, Energy, Technology, Environment, Semiconductor, Other Manufacturing, Green Technology, Public Relations, Investor Relations, Communications, Manufacturing, Power purchase agreement, Adani Group, TotalEnergies, Multimedia, PPA, Ecosystem, Renewable energy, Adani

Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy solutions partner, has attained the remarkable position of the second-largest global solar PV developer, in Mercom Capital Group's latest Annual Global Report.

Key Points: 
  • Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy solutions partner, has attained the remarkable position of the second-largest global solar PV developer, in Mercom Capital Group's latest Annual Global Report.
  • View the full release here: https://www.businesswire.com/news/home/20231206176370/en/
    Adani Green Energy Ranks Among Top 3 Global Solar PV Developer (Graphic: Business Wire)
    According to the report, AGEL's outstanding performance and contribution to the renewable energy landscape have earned it the prestigious second rank among the world's foremost solar PV developers.
  • With an impressive total solar capacity of 18.1 GW encompassing operational, under-construction, and awarded (PPA-contracted) projects, AGEL solidifies its significant position in the global solar energy sector.
  • The full report, Leading Global Large-Scale Solar PV Developers, is available here .