Adani Green Energy is making headlines again. On April 24, 2025, its stock rose 3.56% to Rs 1,947.85 after its subsidiary signed a power purchase agreement (PPA) for a 1,250 MW energy storage project. This deal with Uttar Pradesh Power Corporation Ltd (UPPCL) boosts Adani’s clean energy portfolio. Here’s what’s going on and why it’s a big deal.
A Major Storage Project
Adani Green Energy Ltd (AGEL) secured the 1,250 MW project through its subsidiary, Adani Green Energy Twenty-Seven A Ltd. The PPA with UPPCL focuses on pumped hydro storage, a key tech for storing renewable energy. “Adani Green Energy Twenty-Seven A Ltd has entered into a power purchase agreement with Uttar Pradesh Power Corporation Ltd for 1,250 MW energy storage capacity from pumped storage projects,” a BSE filing stated. This follows a letter of award from UPPCL in February 2025.
Why It Matters
Storage is crucial for renewables. Solar and wind power aren’t constant, but pumped hydro can store excess energy and release it when needed. This project helps stabilize the grid in Uttar Pradesh, a state with growing energy needs. Adani’s stock jump of 3.56% to Rs 1,947.85 reflects investor confidence. AGEL already leads India’s renewable sector with over 12,000 MW of capacity, per its website.
Key Highlights
- Project Size: 1,250 MW energy storage capacity.
- Tech: Pumped hydro storage.
- Stock Rise: Up 3.56% to Rs 1,947.85 on April 24, 2025.
- AGEL’s Capacity: Over 12,000 MW of renewable energy in operation.
Adani’s Bigger Plans
Adani Green isn’t stopping here. The company aims for 50 GW of renewable energy capacity by 2030. It’s already working on hydro projects, like a 500 MW plant at Chitravathi River in Andhra Pradesh and a 1,500 MW project in Tarali, Maharashtra, per a tndindia.com report. A Macquarie note from March 2025 gave AGEL an ‘outperform’ rating, boosting shares by 4%. AGEL’s focus on storage and renewables positions it as a clean energy leader.
Challenges Ahead
Big projects come with big hurdles. Pumped hydro needs specific geography, land, and water resources, which can delay construction. Costs are high, and permits can be tricky. But Adani’s experience—building solar, wind, and hybrid projects—gives it an edge. The company’s real-time project monitoring ensures efficiency, as noted on adanigreenenergy.com.
The Bigger Picture
The country added 25.2 GW of solar capacity in 2024, per Mercom. Storage projects like Adani’s are key to hitting the 500 GW non-fossil fuel target by 2030. Uttar Pradesh, with its large population, needs reliable power, and this 1,250 MW project helps. It also cuts emissions, aligning with India’s net-zero goal by 2070.
Adani Green Energy’s latest win is a bright spot. The 1,250 MW storage project powers up Uttar Pradesh while lifting Adani’s stock. With big plans for 2030, the company is helping India go green, one project at a time.
