Adani Green Energy Limited (AGEL) announced a significant 34% year-on-year growth in its operational capacity, reaching 11,184 MW during the first half of FY25. The company attributed this increase to the addition of 2,418 MW of solar power plants and 450 MW of wind power plants.
The solar capacity growth included the installation of 2,000 MW in Khavda, Gujarat, and 418 MW in Rajasthan. Wind power saw new developments with 250 MW added in Khavda and 200 MW in Mandvi, both in Gujarat.
AGEL reported strong performance metrics, with its solar portfolio achieving a capacity utilization factor (CUF) of 23.9%, wind power at 35.7%, and the hybrid portfolio reaching a CUF of 42.9%, all backed by over 95% plant availability.
Adani Green Energy has made several key advancements, including securing a 25-year agreement with MSEDCL to supply 5 GW of solar power. The company also formed a joint venture with TotalEnergies for a 1,150 MW renewable energy portfolio, receiving an investment of $444 million
. Additionally, Adani Green signed a renewable energy agreement to supply 61 MW to power Google’s data center. Further strengthening its financial position, the company fully redeemed a $750 million Holdco bond, reinforcing its robust capital management strategy. In June, AGEL announced plans to invest Rs 2 trillion by 2030, targeting 50 GW capacity and an EBITDA of Rs 50,000 crore. In FY24, the company recorded an EBITDA of Rs 10,462 crore.
Adani Green Energy Ltd (AGEL) is one of India’s leading renewable energy companies, focused on the development, operation, and maintenance of solar and wind power projects. As part of the Adani Group, AGEL plays a pivotal role in the conglomerate’s commitment to sustainability and clean energy, aiming to support India’s transition to renewable sources.
The company has rapidly expanded its portfolio, with a target to become the world’s largest renewable energy company by 2030. AGEL operates numerous large-scale solar and wind farms across the country and is actively investing in innovation to increase energy efficiency and reduce carbon emissions. The company’s growth aligns with India’s ambitious renewable energy goals and global efforts to combat climate change.
