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Adani Green Arm Signs 1,250 MW PPA with UPPCL for Hydro Storage

Synopsis:

Adani Hydro Energy Five Ltd, a subsidiary of AGEL, signed a PPA with UPPCL to supply 1,250 MW from pumped hydro projects. This long-term agreement boosts clean energy infrastructure in Uttar Pradesh and supports AGEL’s expanding renewable portfolio.


Adani Hydro Energy Five Ltd, a wholly owned step-down subsidiary of Adani Green Energy Ltd (AGEL), has entered into a major Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 1,250 MW of energy storage capacity through pumped hydro storage projects. This agreement adds to India’s growing need for scalable and long-duration energy storage to support renewable energy adoption.

Also read: Delhi Braces for Heatwave as IMD Issues Yellow Alert till April 26

ADANI TOTAL GAS LIMITED

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600.2-9.54 (-1.56 %)

Updated - 30 April 2025
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Key Takeaways

  1. Adani Hydro Energy Five Ltd signs 1,250 MW PPA with UPPCL.

  2. Project utilises pumped hydro storage to ensure grid reliability.

  3. Capacity to support India’s 2030 non-fossil energy target.

  4. Strengthens AGEL’s diversified renewable energy portfolio.

  5. Potential positive impact on long-term AGEL share price.

Also read: Aurobindo Pharma Gets USFDA Nod for Dasatinib, Launch in Q1 FY26

Boost to India’s Energy Storage Infrastructure

The agreement enhances India’s commitment to large-scale energy storage, essential for mitigating intermittency in solar and wind power generation. Pumped hydro acts as a proven solution for peak-load management, ensuring efficient electricity delivery when demand surges. With this development, AGEL aligns its operations with India’s larger mission to create a greener, more stable power grid.

AGEL’s Expanding Role in Renewable and Firm Power

AGEL has been progressively expanding beyond solar and wind by entering firm power solutions like hydro storage. This move provides the company with round-the-clock renewable capabilities, allowing it to offer consistent power to state utilities. Such diversification not only supports national energy goals but also drives operational reliability and investor confidence in AGEL share price.

Energy Storage Agreement Snapshot

Parameter

Details

Project Type

Pumped Hydro Storage

Capacity

1,250 MW

Purchasing Entity

Uttar Pradesh Power Corporation Limited

Executing Company

Adani Hydro Energy Five Ltd

Parent Company

Adani Green Energy Ltd (AGEL)

Energy Use

Grid Stability and Peak Demand Support

Strategic Advantage for Uttar Pradesh

By securing storage capacity from a private entity, UPPCL gains access to reliable power supply solutions that reduce dependence on fossil fuel-based generation. The pumped hydro capacity will play a critical role in stabilising voltage, balancing peak-hour load, and maintaining uninterrupted supply, especially during summer demand surges.

Long-Term Impact on Renewable Investment Outlook

The successful execution of this PPA is expected to encourage further investments in clean storage technologies. As energy demand rises, such agreements will be essential in bridging the gap between renewable generation and reliable power supply. AGEL’s proactive approach in storage projects could significantly shape future market dynamics and AGEL share price outlook.

Also read: Shalabh Saxena Resigns as MD & CEO of Spandana Sphoorty

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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