Adani Green Energy Limited (AGEL), through its wholly-owned step-down subsidiary Adani Green Energy Sixty Nine Ltd, has signed a 25-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for the supply of 400 megawatts (MW) of solar power. Under the terms of the agreement, AGEL will supply solar power generated from a grid-connected photovoltaic project to be developed in Rajasthan. The power will be delivered at a tariff of ₹2.57 per kilowatt-hour (kWh), in line with current market competitiveness.
This agreement follows the company’s strong financial performance for the fiscal year 2024–25. AGEL recorded a 23% increase in power supply revenue, reaching ₹9,495 crore, compared to ₹7,735 crore in the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 22% to ₹8,818 crore, achieving a margin of 91.7%. Cash profits also grew by 22%, totaling ₹4,871 crore.
During the fiscal year, AGEL commissioned 3,309 MW of additional renewable capacity, resulting in a 30% increase in total operational capacity to 14.2 gigawatts (GW). The company continues to expand its portfolio, supporting India’s energy transition objectives through long-term renewable energy agreements. Adani Green Energy Ltd (AGEL) is one of India’s leading renewable energy companies, dedicated to accelerating the country’s transition to sustainable power. A part of the Adani Group, AGEL was established to develop, own, and operate large-scale grid-connected solar and wind energy projects.
With an ambitious vision of achieving 45 GW of renewable energy capacity by 2030, AGEL is currently one of the world’s largest renewable energy developers. The company has built an extensive portfolio of solar and wind projects across India, focusing on innovation, efficiency, and sustainability to support the nation’s clean energy goals.
AGEL is committed to leveraging cutting-edge technology and strategic partnerships to enhance its operational efficiency and environmental impact. The company has implemented large-scale hybrid renewable projects that combine solar and wind power to provide a more stable and reliable energy supply.
Its focus on sustainability extends beyond power generation, with efforts in water conservation, biodiversity protection, and community development initiatives. Through its continued investments and expansion, AGEL plays a critical role in shaping India’s renewable energy landscape and contributing to global climate action.
