Wedoany.com Report-May 4, Adani Green Energy Limited (AGEL) has secured a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited to supply 1,250 megawatts of energy storage capacity, the company announced in a bourse filing. The agreement, signed on April 23, 2025, was executed through AGEL’s wholly-owned step-down subsidiary, Adani Hydro Energy Five Limited.

The PPA focuses on providing energy storage capacity from Pumped Hydro Storage Projects, a key component of AGEL’s strategy to support India’s renewable energy goals. These projects store energy by pumping water to a higher elevation during low-demand periods and releasing it to generate electricity during peak demand, enhancing grid reliability. A company spokesperson stated: “The deal involves supplying energy storage capacity from Pumped Hydro Storage Projects.”

This agreement strengthens AGEL’s position in India’s clean energy sector, particularly in Uttar Pradesh, where demand for stable and sustainable power is growing. By leveraging pumped hydro storage, AGEL aims to address the intermittency of renewable energy sources, ensuring a consistent power supply for the state’s residents and industries. The initiative aligns with national efforts to expand energy storage infrastructure to meet rising electricity needs.

The 1,250-megawatt capacity will contribute significantly to Uttar Pradesh’s energy security, supporting both urban and rural areas. AGEL’s collaboration with Uttar Pradesh Power Corporation Limited reflects a shared commitment to advancing renewable energy solutions. The company noted: “In a bourse filing, AGEL said the agreement was signed by its wholly-owned step-down subsidiary Adani Hydro Energy Five Limited.”

AGEL’s expertise in renewable energy development, combined with its focus on innovative storage technologies, positions it as a leader in India’s transition to a low-carbon energy future. The PPA underscores the company’s role in delivering large-scale, sustainable energy projects that enhance grid stability and reduce reliance on fossil fuels. The April 23 signing marks a milestone in AGEL’s ongoing efforts to expand its energy storage portfolio.

The agreement also highlights the growing importance of energy storage in integrating renewable energy into India’s power grid. By developing pumped hydro projects, AGEL is addressing the challenges of balancing supply and demand, particularly as renewable energy adoption accelerates. The company’s investment in Uttar Pradesh is expected to drive economic growth and create opportunities in the renewable energy sector.

This PPA with Uttar Pradesh Power Corporation Limited reinforces AGEL’s commitment to sustainable development and energy innovation. As India continues to prioritize clean energy, AGEL’s pumped hydro storage projects will play a critical role in ensuring a reliable and resilient power system for the future.