Adani Green Bets High On Khavda To Boost Its RE Capacity 

Highlights :

  • AGEL plans to deploy a workforce of more than 5,000 people for Khavda solar park.
  • It currently has a total operational capacity of 8.4 GW.
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Adani Green Energy Limited (AGEL), which has aimed to deliver 45 Gigawatt (GW) of renewable energy by 2030, has planned to use the vast opportunities at Khavda Solar Park in Gujarat to bolster its capacity. The firm, in its latest investor call, talked about its likely capacity boost plans.

The management said it has deployed a large chunk of its workforce to boost its operations in one of India’s largest solar parks. Amit Singh, CEO of Adani Green, said it has the largest operating renewable energy portfolio in India with a capacity of 8.4 GW, which is likely to get an impetus with the Khavda projects. 

“We continue to ramp up our execution capabilities as we prepare for the next phase of growth and AGEL is extensively working on the next milestone of developing the largest RE cluster in the world at Khavda in Gujarat, on which we’ll share further updates on our progress there,” he said in the investors call. 

The firm also talked about taking the local workforce in the state to boost its capacities. “Amit was talking about our capacity addition, and as we have spoken in the past, a larger part of our capacity addition will come in Khavda, whereas we stand, we have deployed a workforce of more than 5,000 people. And where we have tried to ensure that we extensively hire local talent and also upskill them,” Phuntsok Wangyal, Chief Financial officer of AGEL, said.

He also added, “Because that’s a remote part, actually, we have also created a social ecosystem for our employees and workers and are focusing on community engagement. As we go forward, we are electing to use robotic cleaning to significantly reduce our water usage to almost zero across all of our plants.”

As per the details furnished by the firm, Adani Green has a total operational capacity of 8.4 GW, while projects up to 10.13 GW are under execution. It also has around 1.89 GW of projects near construction. As per the breakup of its operational capacity (source-wide), it has around 5 GW of solar capacity, 1.2 GW of wind capacity, and 1.4 GW of hybrid capacities. 

AGEL also reported 25.2 percent CUF in H1 FY24 from its solar portfolio, an increase of 90 basis points YoY. It attributed the rise to improved plant availability and solar irradiation besides better O&M utilization. 

“The wind portfolio CUF improved by 360 basis points year on year to 40.2% in H1 with consistent wind speed and significant improvement in grid availability compared to last year. The solar-wind hybrid portfolio CUF has improved by 880 basis points year-on-year to 45.4% in H1 of FY24, backed by technologically advanced solar modules, horizontal single axis trackers, and wind turbine generators, as well as consistent high plant and grid availability,” Singh said in the latest investors call. 

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