Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, has won the Global Sponsor of the Year award from Project Finance International (PFI).
The global award recognizes AGEL as a key driver of energy transition that has set up the platform to implement 45GW of renewable energy generation capacity by 2030, the statement said.
AGEL is the only Indian company ever to win this global award. Previous winners include international energy majors like TOTALEnergies, Aramco, Ørsted and Enel.
PFI, a globally renowned publication focused on project finance reporting, has highlighted the various milestones AGEL achieved in CY2021, according to the statement.
AGEL began 2021 with the bold aim to reach 25GW of RE generation by 2025. However, at the COP26 Summit in November, AGEL raised the pace of energy transition by setting a new target of 45GW by 2030, representing 10% of the Govt of India’s 450GW countrywide renewable energy target.
AGEL added 5GW of operational and development projects to its portfolio through a USD 3.5 Bn acquisition this year, buying SB Energy India from SoftBank Group and Bharti.
“This is an encouraging recognition of our commitment and our multi-pronged approach to drive the energy transition through development and operation of renewable generation capacity of 45 GW by 2030,” said Vneet S. Jaain, MD & CEO, AGEL. “PFI’s recognition is testament to our continued focus on delivering on our business plan including our capital management program.”
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