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Adani Green Energy to add 800 MW of renewable energy projects in FY20

Thursday, 25 Jul 2019
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Adani Green Energy (AGEL) is planning to add over 800 MW of renewable energy projects in FY20. It plans to add 3,300 MW in two more years.

The renewable energy company has over 2,000 MW of operational assets and 3,300 MW capacity will be commissioned in two more years to become 5,000 MW renewable energy by 2022.

The company is considering fundraising through suitable instruments to finance the expansion. The company management has sought shareholders' approval to raise up to Rs 5,000 crore to fund its existing and upcoming renewable energy projects.

It has current project portfolio of 4,560 MW including 46 operational projects and 18 projects under construction. The company aims to have 10 GW of renewable energy projects by 2022.

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