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Adani Green Energy Ltd. (AGEL), India’s largest renewable energy company, has significantly boosted its wind energy capacity with the commissioning of a 57.2 MW wind power plant in Khavda, Gujarat, on January 14, 2025. This move contributes to the company’s total renewable energy capacity of 11,666.1 MW, solidifying its position as a leader in India’s green energy transition.
The new wind plant, operated by AGEL’s subsidiary, Adani Renewable Energy Forty Eight Ltd., is part of a larger wind-solar hybrid initiative. Following the completion of all necessary clearances, the plant began power generation on January 15, 2025.
The company’s financial performance also reflects strong growth, with AGEL reporting a 38.8% increase in net profit for Q2 FY25, reaching ₹515 crore compared to ₹371 crore in Q2 FY24. Revenues rose by 27.6%, totaling ₹3,055 crore for Q2 FY25, up from ₹2,220 crore in the same period last year. Despite the growth, AGEL saw a slight dip in EBITDA margin, which decreased from 82% to 74.4%.
In terms of energy production, AGEL’s solar portfolio achieved a capacity utilization factor (CUF) of 23.9% with 99.4% plant availability, while its wind portfolio posted a CUF of 35.7% with 95% availability. Notably, the hybrid portfolio outperformed expectations, achieving a CUF of 42.9% with an impressive 99.6% plant availability.
AGEL’s continued leadership in renewable energy innovation and sustainability is underscored by its commitment to advancing India’s green energy goals
