A leading renewable energy developer renowned for large-scale solar projects has operationalised a 50 MW solar plant in Gujarat’s Khavda region, elevating its total operational renewable capacity. This article delves into the strategic expansion, its role in advancing India’s clean energy transition, and future ambitions in scaling sustainable power infrastructure.
Adani Green Energy Limited‘s stock, with a market capitalisation of Rs. 1,53,769 crores, rose to Rs. 975, up 1.76 percent from its previous closing price of Rs. 958.05. However, the stock over the past year has given a negative return of 45 percent.
What happened
Adani Renewable Energy Fifty Six, a subsidiary of Adani Green Energy (AGEL), will operationalise a 50 MW solar power project at Khavda, Gujarat, starting May 15, 2025. This decision was made early morning on May 14 and will increase AGEL’s total operational renewable generation capacity to 14,340.9 MW.
Recent quarter results
In Q4FY25, the company reported revenue of Rs. 3,073 crore, up 21.6 percent YoY from Rs. 2,527 crore in Q4FY24 and 31.3 percent QoQ from Rs. 2,340 crore in Q3FY25. Net profit stood at Rs. 383 crore, marking a 23.5 percent YoY growth from Rs. 310 crore but declining 19.2 percent QoQ from Rs. 474 crore.
The company has delivered a strong performance over the past three years, with a profit CAGR of 56 percent, sales CAGR of 30 percent, and a 3-year ROE CAGR of 17 percent, highlighting consistent growth, improving profitability, and efficient capital utilisation.
Future plans
Adani Green Energy Limited (AGEL) is on track to achieve 50 GW of renewable energy capacity by FY2030, growing from 14.2 GW in FY25. This includes a significant contribution from the Khavda project, which is set to scale from 4.41 GW in 2029 to 30 GW, making it the world’s largest single-location renewable energy project. AGEL capacity addition has delivered a strong 42 percent CAGR over the past five years, far surpassing the industry’s 14 percent.
The resource mix will continue to be solar-dominated, with PSP added by FY30. The contract mix will shift, with merchant and mid-duration models rising to 25 percent from 14 percent.
Written By Fazal Ul Vahab C H
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