Shares of Adani Green Energy (AGEL) gained 4 per cent to quote at Rs 1,091 on the BSE in the early morning trade on Thursday after the company announced that its subsidiary Adani Solar Energy Kutchh Two Private Limited, has commissioned 100 MWac solar power project at Khirsara, Gujarat.
“The commissioning of project was ahead of its scheduled Commercial Operation Date (COD) according to its 25-year-long Power Purchase Agreement (PPA) with the Gujarat Urja Vikas Nigam India (GUVNL). The PPA is priced at Rs 2.44/kWh, as on 29 December, 2020,” AGEL said in a press release.
With this commissioning, AGEL’s total operational renewable capacity has grown to 2,950 MWac demonstrating a CAGR of 55 per cent since March 2016, it said.
