Adani Green Energy Ltd. Stock Analysis ADANIGREEN.NS

Adani Green Energy Ltd. engages in the business of selling power generated from 12 MW wind power project, purchasing and sale of ancillary goods. The firm has a presence across 12 states of India, focusing on solar, wind and hybrid (solar wind) renewable power generation. The company operates through two segments: renewable power generation and other related ancillary activities and sale of solar power equipments. The sale of solar power equipments segment comprises of an associate, Mundra Solar Energy Limited. The firm sells renewable power generated from its projects under a combination of long-term power purchase agreements (PPA) and on merchant basis and other ancillary activities. The company is also developing solar park at khavda, Gujarat over 19,000 hectares and subleased 6,129 hectares land to its subsidiaries including step down subsidiaries and other related parties. Its locked-in renewable energy portfolio stands at approximately 21,953 megawatt (MW) (10,934 MW operational and 11,019 MW under execution) and another 500 MW of hydro pumped storage project.