Shares of Adani Green Energy surged around 2 per cent on Wednesday after the company declared that its wholly-owned stepdown subsidiary Adani Renewable Energy Forty One has operationalised a 250 MW wind power project at Khavda in the Kutchh region of Gujarat. After clearances, the project commenced power generation the same day.
The highlight of the plant is that it contains India’s largest on-shore wind turbine, which is also one of the world’s most powerful. The on-shore wind turbine has a capacity of 5.2 MW and its introduction raises the operational capacity at Khavda to 2,250 MW, the company told the stock exchanges. The Khavda wind power project serves as a testament to its strategic efforts in harnessing wind energy for a sustainable future, the company further said.
The Squirrels had reported in April this year how multi-billionaire Gautam Adani’s group has transformed a remote wasteland near the Pakistan border in Gujarat’s Khavda region into the largest renewable energy park of the world. Although barren and saline-heavy, the region was second only to Ladakh as far as solar radiation power was concerned, and wind here blew at five times the normal speed.
Today, the renewable energy project that stands in the erstwhile barren region of Khavda is a technological marvel, spread across 538 square kilometres.
Adani Green Energy, a part of the Adani Group, has one of the biggest renewable portfolios in the world with an overall capacity of 20.4 GW that includes projects that are operational, under construction or awarded, and catering to investment-grade counterparties. Adani Green Energy builds, develops, operates, maintains and owns utility-scale solar and wind farm projects.
Earlier this year, the Adani Group announced by 2030 it aimed to invest around Rs 2 lakh crore to develop renewable energy generation capacity worth 40 GW. The company also plans to attain zero emission status for all its operations by 2050.