Adani Green Energy Limited (AGEL) and TotalEnergies have successfully concluded their joint venture (JV), solidifying a strategic partnership. The JV encompasses a diverse 1,050 MW portfolio, including operational (300 MW), under-construction (500 MW), and under-development assets (250 MW). This portfolio spans both solar and wind power projects located in India.
Strategic Alliance and Capacity Target
The partnership marks a pivotal moment as TotalEnergies strengthens its strategic alliance with AGEL, providing crucial support to AGEL’s ambitious goal of achieving 45 GW capacity by the year 2030. AGEL stands out as India’s largest renewable energy solutions provider, actively contributing to the nation’s transition to clean energy.
AGEL’s Role in Clean Energy Transition
AGEL operates, owns, and develops utility-scale grid-connected solar, wind, and hybrid renewable power plants. With an extensive operating renewable portfolio of 8.4 GW spread across 12 states, AGEL currently holds the title of India’s largest renewable energy developer. The company has successfully offset over 41 million tonnes of CO2 emissions, underlining its significant role in India’s clean energy landscape.
Commitment to Decarbonization Goals
Aligned with India’s decarbonization objectives, AGEL is committed to reaching a remarkable 45 GW of renewable energy capacity by 2030. This commitment reflects the company’s dedication to driving sustainable and clean energy initiatives.
Technology Integration for Cost Reduction
AGEL prioritizes the integration of technology to reduce the Levelized Cost of Energy (LCOE), making clean energy more affordable and accessible. This strategic approach aligns with the company’s mission to promote the widespread adoption of clean energy solutions.
Certifications and Sustainability Initiatives
AGEL’s operating portfolio has earned noteworthy certifications, including being “water positive for plants of more than 200 MW capacity,” “single-use plastic-free,” and “zero waste-to-landfill.” These certifications underscore AGEL’s unwavering commitment to sustainable growth and responsible business practices.
Source: thehansindia.com
