Good morning [%first_name |Dear Reader%],

Six months may be a blip for most businesses building for the long term, but not for Adani Green Energy Ltd. It’s a company in a hurry. 

In May, Adani Green operationalised India’s first hybrid (solar + wind) power plant in Rajasthan; by early December, that is last week, it became the world’s largest hybrid power generation company. According to the company, the plant already has 25-year power purchase agreements with the Solar Energy Corporation of India (SECI), a state-owned entity dedicated to developing solar energy in the country. 

Hybrid power generation has been gaining traction in India, and also at Adani Green. 

In October, India’s largest renewable energy company by market capitalisation placed a repeat order with Suzlon Energy, India’s largest (and long-beleaguered) wind turbine maker and operations and maintenance services (OMS) company. In the same month, Adani Green also acquired three special purpose vehicles (SPV) of the Inox Group.

Incidentally, six years ago, Adani Green had entered the wind energy sector by placing wind turbine orders with Inox Wind Ltd.