Adani Green Energy Arm Secures Major Solar Power Agreement From UPPCL

Adani Green Energy, through its wholly-owned step-down subsidiary, Adani Green Energy Sixty Nine Limited, has signed a significant Power Purchase Agreement (PPA) with the Uttar Pradesh Power Corporation Limited (UPPCL). This agreement marks a major development in India’s renewable energy expansion, particularly in solar energy.

Strategic Expansion into Rajasthan’s Solar Sector

The agreement involves the supply of 400 megawatts (MW) of solar power generated from a grid-connected solar photovoltaic (PV) project. This plant will be developed in the state of Rajasthan, a region well-suited for solar power generation due to its high solar irradiance levels and vast land availability. The execution of the PPA was confirmed on May 3, 2025, at 4:18 p.m., reinforcing AGEL’s commitment to scaling up clean energy projects and aligning with national goals for sustainable energy development.

Corporate Communication and Regulatory Compliance

The company informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) of the PPA under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This announcement, made from AGEL’s registered office in Ahmedabad, Gujarat, underlines its adherence to transparent corporate governance and regulatory communication standards.

Read More: Adani Green Energy Arm Operationalise Additional 25 MW Solar Power Generation in Khavda

Adani Green Energy Share Performance 

As of May 05, 2025, at 9:30 AM, Adani Green Energy share price is trading at ₹916.95 per share, reflecting a surge of 1.29% from the previous closing price. Over the past month, the stock has surged by 5%.

Conclusion

The signing of the 400 MW solar power PPA with UPPCL by Adani Green Energy represents a continued push towards renewable energy adoption in India. It underscores the company’s proactive strategy in executing large-scale projects to support national energy infrastructure.

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