Adani Green Energy Ltd (AGEL) has demonstrated a robust commitment to India’s renewable energy objectives, reporting a substantial 30% year-on-year expansion in its operational capacity, reaching an impressive 14.2 gigawatts (GW) in the fiscal year 2025. This significant leap, highlighted in the company’s provisional operational update, is further augmented by an additional 1 GW of renewable energy projects nearing completion, underscoring the company’s aggressive growth trajectory in the clean energy sector. This expansion not only solidifies AGEL’s position as a key player in India’s energy transition but also contributes significantly to the nation’s pursuit of a zero net carbon future.
The company’s recent disclosures reveal a parallel surge in energy sales, which climbed by 28% year-on-year to 27,969 million units during FY25. This substantial increase in energy output is directly attributable to the rapid and strategic capacity additions undertaken by AGEL across its diverse renewable energy portfolio. Over the past five years, AGEL’s power generation has witnessed a remarkable compound annual growth rate (CAGR) of 45%, a testament to its sustained investment and operational efficiency in the green energy domain. This growth has been further supported by an increasing contribution from merchant power, indicating the company’s growing ability to cater to dynamic energy market demands. AGEL’s consolidated capacity utilisation factor (CUF) stood at a healthy 24.8%, underpinned by an impressive plant availability of 99.5%, showcasing the reliability and efficiency of its operational assets.
A particularly noteworthy achievement for AGEL has been the performance of its flagship Khavda solar project in Gujarat. During the fourth quarter of FY25, the CUF at this strategically important site reached an impressive 32.4%, nearing its stabilised operating levels. This robust performance is attributed to the site’s exceptional solar resource potential and the deployment of advanced renewable energy technologies. These include cutting-edge bifacial n-type modules, horizontal single-axis trackers (HSAT) that maximise solar energy capture, and sophisticated robotic cleaning systems that ensure optimal panel efficiency. The success of the Khavda project underscores the potential of large-scale renewable energy installations in harnessing India’s natural resources for clean power generation.
AGEL’s wind energy portfolio also demonstrated strong operational efficiency, recording a CUF of 27.2% with a high plant availability of 95.9%. The company’s hybrid portfolio, which strategically combines solar and wind power generation to ensure greater energy supply stability, achieved an even higher CUF of 39.5% with an exceptional plant availability of 99.6%. This robust performance across different renewable energy technologies highlights AGEL’s diversified expertise and its commitment to optimising energy generation through innovative approaches. Furthermore, AGEL reported a significant 42% CAGR in its renewable capacity between FY20A and FY25A, and a further 15.2% growth in FY25 alone. The company anticipates a continued strong growth trajectory, projecting a 27% CAGR to reach a formidable 50.0 GW of operational capacity by FY30E, solidifying its long-term vision for sustainable energy leadership.
In FY25 alone, AGEL added a substantial 3,309 MW of greenfield renewable capacity, bringing its total operational capacity to 14,243 MW. This expansion includes the commissioning of 2,710 MW of solar power plants, with significant contributions from the Khavda region in Gujarat (1,460 MW), Rajasthan (1,000 MW), and Andhra Pradesh (250 MW). The company also operationalised 599 MW of wind power capacity in Khavda, Gujarat, further diversifying its clean energy mix. AGEL’s rapid addition of new solar capacity across multiple states in India throughout 2025, through its various subsidiaries, underscores its proactive approach to project execution and its commitment to scaling up renewable energy infrastructure across the nation. These projects, including significant installations in Bhimsar (Rajasthan) and Kadapa (Andhra Pradesh), alongside further capacity additions in Khavda, demonstrate AGEL’s pivotal role in driving India’s transition towards a cleaner and more sustainable energy future, contributing significantly to the vision of zero net carbon and eco-friendly urban and rural development.
