Adani Enterprises Shares Rise as 5.2 MW Wind Turbine Generator Goes Commercial

15 Sep 2023 , 11:00 AM

Adani Enterprises shares showed gains on September 15 following the commercial availability of the company’s Wind Turbine Generator (WTG). At 10:58 AM, Adani Enterprises was trading at Rs 2,549.75, marking an increase of Rs 29.95, or 1.19%, on the NSE.

Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises, announced that its 5.2 MW WTG has been included in the revised list of models and manufacturers (RLMM) published by the Ministry of New and Renewable Energy (MNRE). This inclusion signifies that Adani Wind’s 5.2 MW WTG is now commercially available.

Notably, Adani Wind’s 5.2 MW WTG is the highest-capacity onshore wind turbine in India listed in the RLMM and is also one of the most powerful onshore WTGs globally. It is designed to maximize energy yield and reduce the levelized cost of energy (LCOE), featuring a rotor diameter of 160 meters and a tip height of 200 meters. The turbine incorporates technology from W2E (Wind to Energy) in Germany and holds type certification from WindGuard Certification GmbH, an independent wind turbine certification body.

Additionally, on September 13, Adani Global Pte. Ltd., based in Singapore and a wholly-owned subsidiary of Adani Enterprises, established a joint venture company called ‘Kowa Green Fuel Pte. Ltd.’ in collaboration with Kowa Holdings Asia Pte. Ltd., Singapore. The joint venture aims to engage in the sales and marketing of green ammonia, green hydrogen, and their derivatives in the territories of Japan, Taiwan, and Hawaii.