Latest news with #AGEL
Hans India
3 days ago
- Business
- Hans India
Energy major TotalEnergies ‘committed' to support Adani Green's growth: CEO
Paris: Patrick Pouyanne, Chairman and CEO of the French energy giant TotalEnergies, has said the company is committed to continuing to support the expansion of Adani Green Energy Ltd (AGEL). In a meeting with Commerce and Industry Minister Piyush Goyal here, Pouyanne said they are committed to continuing to support the expansion of Adani Green, 'which already has 14 gigawatts of capacity,' and we 'will continue to support this growth.' Pouyanne also outlined TotalEnergies' broader Indian expansion plans, including increased energy exports from the US. Goyal also posted on X: 'Met Patrick Pouyanne, Chairman and CEO of TotalEnergies and discussed the company's investment plans for India and avenues for deeper collaboration in the renewable energy sector'. The French energy major has about $5 billion worth of investments in India, focusing on natural gas infrastructure, city gas development, and renewable energy projects, particularly solar and wind. In January 2021, TotalEnergies collaborated with Adani Green for the first time when it acquired a minority stake in the renewable energy company. Last month, Adani Green Energy Limited became the world's first renewable energy (RE) Independent Power Producer (IPP) to turn water positive across its entire operational portfolio, which exceeds a massive 14 GW capacity. AGEL achieved water positivity a year ahead of its FY26 target to set a new standard for sustainability. It is the first and only among the top 10 global companies (in terms of operational RE portfolio) to ever reach this milestone. Adani Green posted robust FY25 results, surpassing $1 billion in EBITDA, as operational renewable energy (RE) capacity grew a healthy 30 per cent to 14.2 GW (year-on-year), which continues to be India's largest. The Adani Group company reported greenfield addition of 3.3 GW in FY25, India's highest ever by any RE firm, and contributed 16 per cent of nationwide utility-scale solar and 14 per cent of wind installations last fiscal. AGEL is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost five times the city of Paris.
NDTV
08-05-2025
- Business
- NDTV
Adani Green Becomes World's 1st Renewable Energy IPP To Turn Water Positive
New Delhi: Adani Green Energy Limited (AGEL) has become the world's first renewable energy (RE) Independent Power Producer (IPP) to turn water positive across its entire operational portfolio, that exceeds a massive 14 GW capacity. AGEL achieved water positivity a year ahead of its FY26 target to set a new standard for sustainability. It is the first and only among top global 10 (in terms of operational RE portfolio) companies to ever reach this milestone. The Adani Group company has been certified water positive by Intertek, a global assurance firm after conducting comprehensive audits and assessment of AGEL's water accounting data across 103 operational sites, and 85 water conservation sites. It is also the only renewable energy company in India of this scale to be certified water positive, according to a company statement. Being water positive means adopting practices that not only save water but also increase water availability in the surroundings. For industries, this means replenishing more fresh water to nature than they consume in their operations. A water-positive framework involves preserving water, optimizing its consumption and contributing to its replenishment. The development is noteworthy, since the majority of AGEL's solar and wind plants are in landscapes where survival is a challenge and water is a luxury. AGEL has achieved what few thought possible - turning India's harshest terrains and into sustainability hubs. From unforgiving and the barren expanses of Khavda in Gujarat, and the arid regions of the Thar desert, AGEL's water positivity has emerged as an oasis of hope and innovation, the company said. To understand the magnitude of this accomplishment, consider that AGEL's water conservation is equivalent to about 467 Olympic-sized swimming pools and enough to exceed the half-yearly water demand of Lakshadweep. Eighty-five revitalised ponds now benefit over 1,23,000 people including water-scarce communities. Over 54 per cent of AGEL's operational capacity employs robotic cleaning technology for solar modules, saving approximately 546 million litres of water annually. AGEL's journey towards this monumental achievement began with a visionary ESG goal to make more than 200 MW of their operational plants water positive. This goal was not only met in FY23 itself, AGEL set out to extend the water positivity goal to the entire operational portfolio by FY26. AGEL has achieved this remarkable target a full year ahead of schedule. In a country where water scarcity affects millions, this milestone isn't just corporate success, it's a sustainability revolution. By leveraging advanced water-saving technologies, such as waterless robotic cleaning of solar panels, deepening of traditional water bodies, rainwater harvesting and various pilot projects such as the clean drinking water condensed from humid air, AGEL is proving that clean energy doesn't have to come at the cost of precious natural resources. "We don't just generate green energy. We build it the greenest way possible" said an AGEL spokesperson. "Climate change will intensify the global water stress and India is among the countries facing the highest level of water security challenges. India has low levels of freshwater available per capita and high levels of utilisation. That's why this achievement matters." AGEL's operating portfolio is certified as water positive, single-use plastic free and zero waste-to-landfill, a testament to the company's commitment of powering sustainable growth. What started as a bold ESG goal, has now become a nationwide benchmark, placing AGEL, India's largest RE company at the forefront of the green energy and blue planet movement. Water resources are increasingly under pressure from population growth, economic development, pollution and the changing climate. A water-positive framework that involves preserving water, optimising its consumption and contributing to its replenishment leads to a more sustainable environment, the statement added.
India Gazette
08-05-2025
- Business
- India Gazette
Adani Green becomes first renewable energy IPP among top 10 players to turn water positive
Ahmedabad (Gujarat) [India], May 8 (ANI): Adani Green Energy Limited (AGEL) becomes world's first renewable energy (RE) Independent Power Producer (IPP) with a massive over 14 GW operational portfolio to turn water positive across its entire operational portfolio. The company in a statement on Thursday stated that it has achieved water positivity a year ahead of its FY26 target. It is the first and only among top global 10 (in terms of operational RE portfolio) to ever reach this milestone. Being water positive means adopting practices that not only save water but also increase water availability in the surroundings. The company also stated that it has been certified water positive by Intertek, a global assurance firm after conducting comprehensive audits and assessment of AGEL's water accounting data across 103 operational sites, and 85 water conservation sites. It is also the only renewable energy company in India of this scale to be certified water positive The development is noteworthy, since the majority of AGEL's solar and wind plants are in landscapes where survival is a challenge and water is a luxury. Adani Green Energy Limited (AGEL) has achieved what few thought possible -- turning India's harshest terrains and into sustainability hubs. From unforgiving and the barren expanses of Khavda, Gujarat, and the arid regions of the Thar desert, AGEL's water positivity has emerged as an oasis of hope and innovation. To understand the magnitude of this accomplishment, consider that AGEL's water conservation is equivalent to about 467 Olympic-sized swimming pools and enough to exceed the half-yearly water demand of Lakshadweep. 85 revitalized ponds now benefit over 1,23,000 people including water-scarce communities. Over 54 per cent of AGEL's operational capacity employs robotic cleaning technology for solar modules, saving approximately 546 million litres of water annually. AGEL's journey towards this monumental achievement began with a visionary ESG goal to make more than 200 MW of their operational plants water positive. This goal was not only met in FY23 itself, AGEL set out to extend the water positivity goal to the entire operational portfolio by FY26. AGEL has achieved this remarkable target a full year ahead of schedule. In a country where water scarcity affects millions, this milestone isn't just corporate success, it's a sustainability revolution. By leveraging advanced water-saving technologies, such as waterless robotic cleaning of solar panels, deepening of traditional water bodies, rainwater harvesting and various pilot projects such as the clean drinking water condensed from humid air, AGEL is proving that clean energy doesn't have to come at the cost of precious natural resources. 'We don't just generate green energy. We build it the greenest way possible' said an AGEL spokesperson. He added 'Climate change will intensify the global water stress and India is among the countries facing the highest level of water security challenges. India has low levels of freshwater available per capita and high levels of utilization. That's why this achievement matters.' AGEL's operating portfolio is certified as water positive, single-use plastic free and zero waste-to-landfill, a testament to the company's commitment of powering sustainable growth. What started as a bold ESG goal, has now become a nationwide benchmark, placing AGEL, India's largest RE company at the forefront of the green energy and blue planet movement. (ANI)
Economic Times
05-05-2025
- Business
- Economic Times
Buy Adani Green Energy, target price Rs 1,150: ICICI Securities
Financials Adani Green Energy reported strong set of result in Q4FY25. Revenue was Rs 27 billion (+31% YoY), in line with higher generation (+44% YoY). EBITDA came in at Rs 24 billion (+31% YoY) and profit was INR 3.9bn (+25% YoY). Profit was partly impacted by exceptional losses of INR 1.66bn booked during the quarter. FY25 revenue/EBITDA was up 23% YoY at Rs 99 billion/90 billion as generation improved by 28%. The company commissioned 2.6GW capacity in Q4FY25 (2.3GW/0.3GWsolar/wind); this substantially improved the annual commissioning to 3.3GW. Commissioning at Khavda (in Gujarat) was 1.7GW/2.1GW in Q4FY25/FY25, taking the operational capacity to 4.1GW at Khavda. AGEL is targeting to achieve 30GW of operational capacity at Khavda by 2029. Investment Rationale Adani Green Energy had a strong Q4FY25 both operationally and financially. It commissioned ~2.6GW/3.3GW in Q4FY25/FY25, taking operational capacity to 14.2GW. Its locked-in generation capacity soared by 50% to ~33GW (vs ~22GW as of Mar?24). AGEL?s energy sales were up 28% in FY25, mainly due to contribution from incremental capacity. In Q4, its revenue was Rs 27 billion (+31% YoY), in line with higher generation; EBITDA came in at Rs 24 billion (+31% YoY) and profit was Rs 3.9 billion (+25% YoY). It plans to achieve 50GW operational capacity by 2030 ? 45GW generation capacity and 5GW PSP capacity; it is targeting 30GW operational capacity at Khavda by 2029. AGEL has guided for capacity addition of 5GW in FY26. The stock is trading at 12x locked-in EBITDA. Retain BUY with a target price of Rs 1,150. Live Events Promoter/FII Holdings Promoters held 60.94 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.45 per cent, DIIs 2.4 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has a buy call on Adani Green Energy with a target price of Rs 1,150. The current market price of Adani Green Energy is Rs 916.65 .Adani Green Energy reported strong set of result in Q4FY25. Revenue was Rs 27 billion (+31% YoY), in line with higher generation (+44% YoY). EBITDA came in at Rs 24 billion (+31% YoY) and profit was INR 3.9bn (+25% YoY). Profit was partly impacted by exceptional losses of INR 1.66bn booked during the quarter. FY25 revenue/EBITDA was up 23% YoY at Rs 99 billion/90 billion as generation improved by 28%. The company commissioned 2.6GW capacity in Q4FY25 (2.3GW/0.3GWsolar/wind); this substantially improved the annual commissioning to 3.3GW. Commissioning at Khavda (in Gujarat) was 1.7GW/2.1GW in Q4FY25/FY25, taking the operational capacity to 4.1GW at Khavda. AGEL is targeting to achieve 30GW of operational capacity at Khavda by Green Energy had a strong Q4FY25 both operationally and financially. It commissioned ~2.6GW/3.3GW in Q4FY25/FY25, taking operational capacity to 14.2GW. Its locked-in generation capacity soared by 50% to ~33GW (vs ~22GW as of Mar?24). AGEL?s energy sales were up 28% in FY25, mainly due to contribution from incremental capacity. In Q4, its revenue was Rs 27 billion (+31% YoY), in line with higher generation; EBITDA came in at Rs 24 billion (+31% YoY) and profit was Rs 3.9 billion (+25% YoY). It plans to achieve 50GW operational capacity by 2030 ? 45GW generation capacity and 5GW PSP capacity; it is targeting 30GW operational capacity at Khavda by 2029. AGEL has guided for capacity addition of 5GW in FY26. The stock is trading at 12x locked-in EBITDA. Retain BUY with a target price of Rs 1, held 60.94 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.45 per cent, DIIs 2.4 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
05-05-2025
- Business
- Time of India
Buy Adani Green Energy, target price Rs 1,150: ICICI Securities
ICICI Securities has a buy call on Adani Green Energy with a target price of Rs 1,150. The current market price of Adani Green Energy is Rs 916.65 . Financials Adani Green Energy reported strong set of result in Q4FY25. Revenue was Rs 27 billion (+31% YoY), in line with higher generation (+44% YoY). EBITDA came in at Rs 24 billion (+31% YoY) and profit was INR 3.9bn (+25% YoY). Profit was partly impacted by exceptional losses of INR 1.66bn booked during the quarter. FY25 revenue/EBITDA was up 23% YoY at Rs 99 billion/90 billion as generation improved by 28%. The company commissioned 2.6GW capacity in Q4FY25 (2.3GW/0.3GWsolar/wind); this substantially improved the annual commissioning to 3.3GW. Commissioning at Khavda (in Gujarat) was 1.7GW/2.1GW in Q4FY25/FY25, taking the operational capacity to 4.1GW at Khavda. AGEL is targeting to achieve 30GW of operational capacity at Khavda by 2029. Investment Rationale Adani Green Energy had a strong Q4FY25 both operationally and financially. It commissioned ~2.6GW/3.3GW in Q4FY25/FY25, taking operational capacity to 14.2GW. Its locked-in generation capacity soared by 50% to ~33GW (vs ~22GW as of Mar?24). AGEL?s energy sales were up 28% in FY25, mainly due to contribution from incremental capacity. In Q4, its revenue was Rs 27 billion (+31% YoY), in line with higher generation; EBITDA came in at Rs 24 billion (+31% YoY) and profit was Rs 3.9 billion (+25% YoY). It plans to achieve 50GW operational capacity by 2030 ? 45GW generation capacity and 5GW PSP capacity; it is targeting 30GW operational capacity at Khavda by 2029. AGEL has guided for capacity addition of 5GW in FY26. The stock is trading at 12x locked-in EBITDA. Retain BUY with a target price of Rs 1,150. Promoter/FII Holdings Promoters held 60.94 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.45 per cent, DIIs 2.4 per cent.
