Adani Green Energy Ltd (AGEL) has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Ltd (UPPCL) to supply 1,250 MW of energy storage capacity through pumped hydro storage projects.
Project Details
鈥 Location: Sonbhadra district, Uttar Pradesh
鈥 Duration: 40-year commitment
鈥 Completion Timeline: Expected within six years
鈥 Project Name: Panaura Pumped Hydro Storage Project
This initiative aligns with India鈥檚 goal to integrate 500 GW of non-fossil fuel electricity generation by 2030, with pumped hydro storage playing a crucial role.
AGEL鈥檚 Renewable Energy Portfolio
As of March 31, 2025, AGEL鈥檚 operational renewable energy capacity stands at 14.2 GW, marking a 30% year-on-year increase. The company plans to add over 5 GW of hydro pumped storage capacity by 2030, further strengthening its position in the renewable energy sector.
Implications for the Future
AGEL鈥檚 commitment to large-scale energy storage projects demonstrates its dedication to sustainable energy solutions. This move is expected to enhance grid stability and support India鈥檚 transition to a greener energy mix.
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Note: The information provided in these blogs is based on the latest available data as of April 24, 2025. Investors are advised to conduct their own research or consult financial advisors before making investment decisions.