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Pyrifera Investment Advisors

10th May · SEBI-Registered Analyst

Adani Green Energy Commissions 150 MW Solar Project in Khavda, Gujarat

Adani Green Energy Limited (AGEL) has successfully operationalized a 150 MW solar power project in Khavda, Gujarat, on May 10, 2026. The facility, executed by its wholly-owned stepdown subsidiary Adani Green Energy Twenty Five C Limited, commenced generation at 7:40 p.m. following all regulatory clearances. Key Highlights: Location: Khavda, Gujarat — part of the world's largest renewable energy park. Capacity: 150 MW solar PV. Portfolio Impact: Takes AGEL's total operational renewable capacity to 19,735.8 MW, reinforcing its position as India's largest renewable energy developer. Storage Integration: AGEL also maintains 1,376 MWh of operational BESS capacity, supporting grid stability and round-the-clock renewable supply. Strategic Significance: Scale Advantage: Khavda's contiguous land bank and high solar irradiation enable cost-efficient, large-scale deployment — critical for achieving tariff competitiveness. Decarbonisation Leadership: This addition accelerates AGEL's progress toward its 45 GW renewable target by 2030 and supports India's 500 GW non-fossil goal. Hybrid Readiness: Proximity to existing wind and storage assets positions the project for future hybridization, enhancing offtake attractiveness for DISCOMs and commercial clients. Outlook: With consistent commissioning momentum in Khavda, AGEL is well-positioned to meet near-term capacity guidance. Focus now shifts to optimizing asset performance, securing long-term PPAs, and integrating storage to deliver firm, dispatchable renewable power.

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