Adani Green Energy Ltd (AGEL), India’s largest renewable energy firm, has increased its total operational renewable capacity to 11,666.1 MW with the commissioning of a 57.2 MW wind power unit at Khavda, Gujarat. This milestone marks the addition of a critical component to AGEL’s wind-solar hybrid project, developed by its subsidiary, Adani Renewable Energy Forty Eight Limited. The plant’s commissioning was finalized on January 14, 2025, and power generation will commence on January 15.
AGEL’s renewable portfolio continues to grow steadily, underpinned by robust financial performance. For the quarter ending September 30, 2024, the company reported a 38.8% year-on-year increase in net profit, reaching ₹515 crore, compared to ₹371 crore in the same quarter of the previous fiscal year. Revenue from operations climbed by 27.6% to ₹3,055 crore, driven by the expansion of renewable capacity and efficient project execution.
At the operational level, AGEL’s EBITDA grew 24.8% to ₹2,272 crore during the quarter, up from ₹1,821 crore in the corresponding period last year. While the EBITDA margin stood at 74.4%—lower than the 82% recorded in Q2 FY24—it reflects the company’s ongoing investments in scaling up its renewable energy projects.
Performance metrics across AGEL’s renewable portfolio demonstrate consistent efficiency. The solar portfolio achieved a capacity utilization factor (CUF) of 23.9%, with 99.4% plant availability. The wind segment recorded a CUF of 35.7%, supported by 95% plant availability, while the hybrid portfolio maintained a robust CUF of 42.9%, with 99.6% plant availability. These figures highlight AGEL’s focus on maximizing output and maintaining high operational standards across its renewable assets.
Adani Green Energy Limited (AGEL) is one of India’s leading renewable energy companies and a global player in sustainable energy solutions. Established as part of the Adani Group’s commitment to sustainability, AGEL specializes in developing, operating, and maintaining renewable power projects, including solar, wind, and hybrid energy systems.
The company has rapidly expanded its portfolio, with an operational capacity exceeding 11,600 MW, making it a key contributor to India’s clean energy goals. AGEL leverages advanced technology and strategic project execution to ensure high efficiency and reliability across its plants. With a vision to achieve 45 GW of renewable energy capacity by 2030, AGEL is playing a pivotal role in accelerating the energy transition while aligning with global climate initiatives.
