Adani Green Energy Expands: Strategic Partnership Boosts Renewable Capacity to 11,983 MW

Adani Green Energy Limited (AGEL) has made a major addition to its renewable power portfolio. AGEL's wholly owned subsidiary on February 25, 2025, executed a Share Subscription and Shareholders' Agreement with DC Development Noida Limited, a captive consumer. The agreement, succeeding a Power Consumption Agreement dated October 2024, mandates a minimum investment by the captive user of 26% in the equity of the generator to make it captive power compliant. At the same time, AGEL commissioned a 67 MW solar project in Gujarat's Khavda, taking its total operational renewable capacity to 11,983.1 MW. This strategic action further consolidates AGEL's leadership position in India's renewable energy space.

 

Sources: NSE, BSE, Business Today