Adani Green Energy (AGEL) has made significant strides in its renewable energy portfolio, announcing a major power purchase agreement and setting a date for its upcoming quarterly results.

Power Purchase Agreement with UPPCL

On April 23, 2025, Adani Hydro Energy Five Limited, a wholly-owned step-down subsidiary of Adani Green Energy, executed a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement, signed at 15:00, is for the supply of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects.

This development follows an earlier intimation made by the company on February 25, 2025, showcasing AGEL's commitment to expanding its renewable energy footprint and storage capabilities in India.

Quarterly Results Announcement

In addition to the PPA news, Adani Green Energy has scheduled its Q4 results meeting for April 28, 2025. This upcoming event will provide investors and stakeholders with insights into the company's financial performance for the quarter.

Company Overview

Adani Green Energy Limited, with its registered office in Ahmedabad, Gujarat, continues to strengthen its position in the renewable energy sector. The company's focus on large-scale projects and energy storage solutions aligns with India's growing demand for clean energy and grid stability.

The recent PPA with UPPCL for pumped hydro storage projects demonstrates AGEL's diversification strategy within the renewable energy space, moving beyond traditional solar and wind projects to include advanced energy storage solutions.

As the renewable energy landscape in India evolves, Adani Green Energy's latest moves indicate its readiness to play a pivotal role in the country's transition towards sustainable power generation and storage.

Adani Green Energy Ltd (AGEL) has made a significant move in the renewable energy sector, with its subsidiary signing a major power purchase agreement (PPA) in Uttar Pradesh. The deal, which focuses on energy storage capacity, marks a notable development in India's push towards sustainable energy solutions.

Key Highlights of the Agreement

• Subsidiary Involved: Adani Hydro Energy Five Limited, a wholly-owned step-down subsidiary of Adani Green Energy Ltd.
• Agreement Partner: Uttar Pradesh Power Corporation Limited (UPPCL)
• Capacity: 1,250 MW of energy storage capacity
• Technology: Pumped Hydro Storage Projects
• Signing Date: April 23, 2023

Details of the Power Purchase Agreement

Adani Hydro Energy Five Ltd has signed a power purchase agreement with Uttar Pradesh Power Corporation to supply 1,250 MW of energy storage capacity from pumped hydro storage projects. While the exact value of the deal was not disclosed, it represents a significant commitment to energy storage solutions in India's most populous state.

Recent Developments and Context

This agreement follows a recent 400 MW solar power contract in Uttar Pradesh and ongoing development of solar parks in Rajasthan by Adani Green Energy. These developments highlight the company's expanding footprint in India's renewable energy sector.

Significance of the Deal

The PPA represents a substantial commitment to energy storage solutions in Uttar Pradesh. Pumped hydro storage projects are crucial for grid stability and can help in managing the intermittent nature of renewable energy sources like solar and wind power. This large-scale storage solution is likely to play an increasingly important role in the state's energy infrastructure.

Market Implications

This deal could have positive implications for Adani Green Energy's market position and future growth prospects in the renewable energy sector. It demonstrates the company's ability to secure significant contracts in the evolving energy landscape of India, potentially strengthening its competitive position.

Conclusion

The 1,250 MW energy storage agreement between Adani Hydro Energy Five and UPPCL marks a significant step in enhancing grid stability and promoting renewable energy integration in Uttar Pradesh. As India continues its transition towards cleaner energy sources, such large-scale storage solutions are becoming increasingly vital.

Investors and industry observers will be keen to see how this project unfolds and its potential impact on Adani Green Energy's financial performance in the coming years. The deal also underscores the growing importance of energy storage in India's renewable energy strategy.