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About Adani Green Energy
History of Adani Green Energy
Incorporated on January 23, 2015, Adani Green Energy Limited (AEGL) comes under the Adani Group. It is one of India’s largest renewable energy companies, with a project portfolio of 20,434 MW as of 2023. The company is driven by a philosophy of Growth with Goodness. Adani Green Energy is into developing, building, owning, operating and maintaining utility-scale grid-connected solar and wind farm projects. Electricity that is generated is supplied to central and state government entities and government-backed companies. AEGL is on 25-year Power Purchase Agreements (PPAs) with both central and state government entities. The company has a presence in 12 different states in India. It utilises cutting-edge technologies and actively contributes to India's renewable energy transformation. The company has been recognised with several awards, including the Platinum Award by Grow Care India Environment Management Awards in 2022 and Sustainability 2.0 Award in 2022. It was also given 1st position in Asia and listed among the top 10 renewable energy companies in the world for ESG performance.Business Segments of Adani Green Energy
The business verticals under Adani Green Energy include,- Solar power: There are several solar power generation plants located in various parts of India, including Tamil Nadu, Punjab, Karnataka, Odisha, etc.
- Wind power: Under this vertical, the company continuously looks for regions with wind resource potential in India and installs windmast. They are located in Gujarat and Madhya Pradesh.
- Hybrid power: This project combines wind and solar power plants to help reduce fluctuations in energy production. Solar panels generate more energy during the day, while wind turbines often produce more at night. This combination distributes the ups and downs of electricity generation.
- Solar parks: Adani Renewable Energy Park Rajasthan Ltd (AREPRL) comes under this category. It is a joint venture by Adani Renewable Energy Park Ltd (AREPL) and Rajasthan Renewable Energy Corporation Ltd (RRECL), the Government of Rajasthan, under the Companies Act 2013.
- Operational excellence: Adani-Energy Operation Nerve Centre (Adani-ENOC) comes under this segment. They use advanced technology, adopt machine learning and use drones to check the progress of the projects.
- Adani Renewable Energy Holding Four Limited - This is a subsidiary company under Adani Green Energy, which has subsidiaries for the generation, development, transformation, distribution, transmission, sale, and supply of any kind of power using solar, wind or other renewable energy sources.
- Adani Solar Energy Kutchh Two Private Limited - This wholly-owned subsidiary was previously known as Gaya Solar (Bihar) Private Limited. This company is involved in the energy sector.
- Adani Wind Energy (Gujarat) Private Limited - This wholly-owned subsidiary is involved in the power generation business.
Key Personalities of Adani Green Energy
Gautam Adani, Chairman The Chairman and founder of the Adani Group is Gautam Adani. Under his leadership, the company has established itself as a global integrated infrastructure player in several sectors. Rajesh Adani, Managing Director Rajesh Adani has been a part of the Adani Group since its beginning. He oversees the Group's operations and has played a pivotal role in promoting its business partnerships.Corporate Actions of Adani Green Energy
There are no records of stock splits or bonus shares from Adani Green Energy.SWOT Analysis of Adani Green Energy
Strengths- Pre-evaluation of the assets and locations to assess their vulnerability to extreme weather conditions.
- A dedicated weather forecasting system for each site location.
- Solar panels are exposed to expiry risks.
- The business is subjected to regulations, which are prone to change every now and then on state and central levels.
- Identify potential in hybrid plants under the hybrid power category.
- Expand in the renewable energy category and aim for smarter grids enabling two-way interchange.
- Business is dependent on water availability. Any scarcity of water can impact the business.
- Subject to increased risks during extreme weather conditions.
Parent Organisation
Adani
Managing Director
Gautam S Adani
Founded
2015
NSE Symbol
ADANIGREEN
Community Discussion
R
rishit.dedhia13
28th May, 2024
Adani Energy Solutions has announced a significant fundraising initiative aimed at generating up to Rs.12,500 crore. This move is part of the company’s broader strategy to enhance its financial flexibility and support future growth plans. The funds will be raised through Qualified Institutional Placement (QIP) or other permissible financial instruments, subject to regulatory approvals and market conditions.
Details of the Fundraising Plan
The decision to raise funds was approved by the board of Adani Energy Solutions. The proposed Rs.12,500 crore will be raised either by QIP or alternative financial modes. QIP allows the company to sell shares primarily to institutional investors, ensuring a streamlined and efficient fundraising process. This initiative follows the company’s previous successful fundraisings, including a $1 billion issuance in 2022.
Purpose and Utilization of Funds
The capital raised through this initiative will be directed towards multiple objectives. Primarily, it will strengthen Adani Energy Solutions’ ongoing projects and operational requirements. It is also expected to enhance the company’s liquidity position, enabling it to undertake new projects and expand its existing operations more effectively.
Additionally, part of the funds might be allocated to reduce debt as it has been rising, thereby strengthening the company’s balance sheet. In particular, these funds will support the expansion of renewable energy projects, which align with India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030.
Strategic Importance
Through this fundraising, by opting for QIP or similar methods, the company can tap into a broader base of institutional investors, which can bring in substantial capital. The move also aligns with the company’s long-term growth strategy, focusing on expanding its footprint in the energy sector. The company’s recent acquisitions, such as the purchase of SB Energy India for $3.5 billion, showcase its plans to strengthen its renewable energy portfolio.
Conclusion:
Adani Energy Solutions’ decision to raise Rs.12,500 crore via QIP or other permissible modes marks a step in its strategic growth plan. The successful execution of this plan will likely position the company for sustained growth and a larger market presence. This move underlines the company’s dedication to widening its capabilities and expanding its impact in the industry, especially as it aims to contribute significantly to India’s renewable energy goals.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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N
Navya.kandpal
8th Apr, 2024
Adani has been established well in India and abroad. The thrust on green energy by the government is even good reason to buy this share. So it seems like a good share to buy but there is high risk if you are investing for the short term vision.
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G
Gobind
29th Dec, 2023
• Content: Adani Green Energy makes strategic investments in solar storage solutions, aiming to address intermittency challenges in renewable energy generation and promote grid stability.
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Adani Green Energy Ltd FAQs
What is the share price of Adani Green Energy Ltd (ADANIGREEN) shares?
Adani Green Energy Ltd (ADANIGREEN) share price as of October 22, 2024, on NSE is Rs 1684.45 (NSE) and Rs 1684.45 (BSE) on BSE.
Can I buy Adani Green Energy Ltd (ADANIGREEN) from Angel One?
Yes, You can buy Adani Green Energy Ltd (ADANIGREEN) shares by opening a Demat account with Angel One.
How do I buy Adani Green Energy Ltd (ADANIGREEN) from Angel One?
Adani Green Energy Ltd (ADANIGREEN) share can be bought through the following modes:
1. Direct investment: You can buy Adani Green Energy Ltd (ADANIGREEN) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Adani Green Energy Ltd (ADANIGREEN) shares.
1. Direct investment: You can buy Adani Green Energy Ltd (ADANIGREEN) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Adani Green Energy Ltd (ADANIGREEN) shares.
Who are the promoters of Adani Green?
The promoters of Adani Green are Adani Trading Services LLP, Gautambhai Shantilal Adani & Rajeshbhai Shantilal , Gautam S. Adani/ Rajesh S. Adani, Universal Trade And Investments Limited, Infinite Trade And Investment Ltd and Afro Asia Trade And Investments Limited.
What are the Subsidiaries that comes under Adani Green?
The subsidiaries that comes under Adani Green are Adani Green Energy (Tamilnadu) Limited, Adani Green Energy (UP) Limited, Adani Green Energy (MP) Limited, Adani Wind Energy (Gujarat) Private Limited, Parampujya Solar Energy Private Limited, Prayatna Developers Private Limited, Rosepetal Solar Energy Private Limited, Mahoba Solar (UP) Private Limited, Gaya Solar (Bihar) Private Limited, Kodangal Solar Parks Private Limited, Adani Renewable Power, etc.
What is the total Asset of Adani Green?
The total asset of Adani Green is Rs. 58,954 Crores.
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