Adani Green Energy Limited (AGEL), part of the Adani Group, continues to redefine the landscape of India’s renewable energy sector. The company's operational update for FY25 highlights not just growth in numbers but a story of technological innovation, responsible energy generation, and ambitious future planning.

Let’s explore how AGEL is setting benchmarks in sustainable energy for India and the world.

Adani Group Portfolio: A World-Class Infrastructure and Utility Powerhouse

AGEL is one of the key players in the Adani Group's diversified infrastructure empire, which spans ports, logistics, power transmission, data centers, airports, roads, and more. The group's assets include:

North Queensland Export Terminal (NQXT)

Adani Total Gas Ltd. (ATGL)

Data Centers (JV with EdgeConnex)

Cement (Ambuja, ACC, Sanghi Industries)

Defence and Aerospace Manufacturing

Adani Wilmar (JV, now exiting)

The Adani Portfolio focuses on long-term, sustainable value creation and operates across the entire infrastructure value chain from origination to operation, offering stable and scalable returns.

• AGEL: Replicating a Proven Growth Model
• AGEL follows Adani’s robust and replicable investment and operating strategy:
• Site Development: Securing strategic, resource-rich sites (~250,000 acres) and over 5GW of pumped storage project (PSP) sites.
• Must-Run Portfolio: 100% of its plants enjoy “must-run” status under India’s Electricity Act 2003, ensuring steady revenue flow.
• Capital Management: Access to global capital, elongated loan maturities (up to 20 years), and diversified funding sources.
• Technology-Enabled Operations: AI-powered Energy Network Operations Center (ENOC) optimizes plant performance.

AGEL: Operational Highlights for FY25

1. AGEL’s FY25 numbers reveal exceptional operational execution and expansion:
2. Operational Capacity: Increased 30% YoY to 14.2 GW (15.2 GW including 1 GW near completion).
3. Energy Sales: Increased by 28% YoY to 27,969 million units.
4. Generation CAGR: 45% growth over the last five years.
5. Commitment Exceeded: Generated electricity at 107% of the PPA commitment.

Capacity Utilization Factors (CUF) — FY25

1. AGEL delivered strong CUF results, reflecting operational excellence:
2. Solar CUF: 24.8% (Plant availability: 99.5%).
3. Wind CUF: 27.2% (Plant availability: 95.9%).
4. Hybrid CUF: 39.5% (Plant availability: 99.6%).

The Khavda solar plant, in particular, stood out with a CUF of 32.4% in Q4 FY25, driven by advanced technology like bifacial n-type modules and horizontal single-axis trackers (HSAT).

Capacity Addition Snapshot

In FY25, AGEL operationalized 3,309 MW of new capacity:

1. Solar:

1,460 MW added in Khavda, Gujarat.

1,000 MW added in Rajasthan.

250 MW added in Andhra Pradesh.

2.Wind:

599 MW added in Khavda, Gujarat.

PPA Commitments vs. Actual Generation

AGEL has consistently exceeded its energy generation commitments under Power Purchase Agreements:

Maintained performance above 107% of contracted commitments for FY25.

The company is also gradually increasing the share of Merchant Power, further optimizing margins.

Portfolio Performance: RG1 & RG2

AGEL's Restricted Groups (RG1 and RG2), comprising ringfenced Special Purpose Vehicles (SPVs), continue to deliver:

RG1 Portfolio (930 MW): Consistent outperformance at 113% of PPA commitments.

RG2 Portfolio (570 MW): Delivered 112% of PPA commitments in FY25.

Both RG1 and RG2 maintained over 99.7% grid availability.

Adani Green Energy Limited is not just expanding India’s renewable energy footprint but doing so with remarkable speed, technological prowess, and environmental responsibility. With its commitment to reach 50 GW of green capacity by 2030 and a strong focus on ESG, AGEL is well-positioned to remain a global leader in the green energy revolution.

Disclaimer

This article is based on Adani Green Energy Limited’s (AGEL) FY25 provisional operational update. The data presented includes forward-looking statements based on AGEL’s business strategies, industry outlook, and market expectations. Actual outcomes may vary due to market conditions, government regulations, geopolitical factors, and business performance.

This article is intended for informational purposes only and does not constitute investment advice or an offer to sell or solicit an offer to purchase any securities. Readers are encouraged to conduct their own research or consult a licensed financial advisor before making any investment decisions.