Sagar Adani
Executive Director, Adani Green Energy
Notable Quotes
Our energy sales surged by an impressive 34% year-on-year, reaching 37.6 billion units.
We have lost about INR 500 crores of EBITDA in the past year on account of curtailment.
Our long-term stated goal remains that more than 90% of the capacities that AGEL adds will be tied up in long-term PPAs and long-term contracts.
We've lost about 500 crores of EBITDA in the past year on account of curtailment.
Our focus today is to make sure that we set up these capacities and as the market evolves which is the specific area where the economic opportunity is the highest that is where we will deploy them.
We will make sure that more than 90% of installed capacity of AGL is tied up in long-term contract tracks and nothing changes from that perspective.
We are developing the world's largest single-location renewable energy plant of 30,000 MW in Khavda. This project will set a blueprint for ultra large-scale renewable energy development globally.
We are in a very unique position to have the ability to build projects without necessarily need of specific contracts, to have the financial capability to build, looking forward to the contracts, not build only after contract sign base.
We are targeting at Adani Green an addition of at least 5 gigawatts of pumped hydro storage capacity by 2030, and have already kicked off construction work for the first 500-megawatt project in Andhra Pradesh.