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Adani Green Energy On Track To Achieve 50 GW By 2030

Newzdaddy Business Updates

Adani Green Energy Ltd (AGEL) has announced strong results for the half-year ended 30 September 2025. As India’s largest pure-play renewable energy company, Adani Green Energy shows growing power, capacity and profitability.

Adani Green Energy recorded energy sales of 19,569 million units in H1 FY26, a rise of 39% year-on-year. This strong jump is driven by new capacity coming online and higher utilisation of its existing projects. For example, industry data show its solar portfolio CUF (capacity utilisation factor) is around 24.8% and wind around 37.8%.

Reports confirm that for AGEL, the solar portfolio CUF is 24.8% and the wind portfolio CUF is 37.8%, showing strong use of assets. Industry averages for solar in India tend to be much lower (around 15-19%), so AGEL’s performance is clearly better than many peers. Higher CUF means more energy produced per unit of capacity, which helps increase the energy sales and revenue. Revenue grew 26% to Rs 6,088 crore, supported by the greater volume of generation and more plants being operational.

The increased capacity in operation (up 49% YoY) means more units being sold, which drives revenue growth. AGEL recently refinanced large facilities (USD 1.06 billion) to support growth in solar-wind hybrid projects, showing financial strength supporting growth. The company’s business model of utility-scale solar, wind and hybrid plants allows it to capitalise on generation volume, which feeds into revenue.

EBITDA rose 25% to Rs 5,651 crore, with a margin of about 91.8%. That margin shows Adani Green Energy is efficient at turning its power output into profit. Cost control, higher output and newer plants all help in getting such a margin.

AGEL has been commissioning newer and higher-performing projects (e.g., hybrid wind-solar) that tend to have better CUF and margin. With high plant availability (e.g., solar plant availability ~99.5%) AGEL manages to keep losses low and convert output into profitability. The refinancing and improved credit profile (per rating agency reports) also support stable financials.

In terms of capacity, Adani Green Energy reported an operational renewable capacity of 16.7 GW, up 49% over last year. Independent media confirms the figure of roughly 16,679.8 MW. Because of this growth, Adani Green Energy remains India’s largest RE capacity owner.

Media coverage confirms the 16.7 GW operational figure, up 49%, reinforcing AGEL’s scale in India’s renewables. Earlier data show AGEL had already surpassed 15 GW of capacity previously, with a mix of solar, wind, and hybrids. The large operational base gives AGEL a foundation for further growth and improving economies of scale.

During H1, the company added 2,437 MW of new “greenfield” capacity, about 74% of what it added in the whole FY25. Over the last year, it added 5,496 MW, including 4,200 MW solar, 491 MW wind and 805 MW hybrid projects. These additions are mostly from key sites in Gujarat and Rajasthan.

AGEL’s strategic deployment in hybrid solar-wind projects (which often have higher CUF) gives it a competitive advantage and supports fast greenfield additions. One of the key project zones is the 30 GW park at Khavda in Gujarat, which is already contributing to this greenfield capacity growth. Rapid commissioning of large projects has helped AGEL outrun many peers in capacity addition.

Its operations and maintenance (O&M) method stands out. Adani Green Energy uses advanced data analytics, machine learning and artificial intelligence in collaboration with its O&M partners. This tech-edge allows real-time monitoring from an Energy Network Operation Centre, leading to higher plant availability and lower O&M cost—thus helping the 92%-ish margin.

Sources report AGEL’s plant availability for solar is ~99.5% and for wind-hybrid ~99.6% in recent years, demonstrating very strong operations. The use of bifacial solar modules and advanced trackers further improves generation performance and helps reduce unit cost. The fact that AGEL is generating beyond its PPA commitments implies that O&M and asset performance are strong.

The company also reports that in H1 its PPA-based generation was 57% of annual commitment, showing it’s performing ahead of expectations. While specific percentages may vary by contract, reports show AGEL’s hybrid and wind projects have been exceeding earlier performance benchmarks, contributing to that delivery lead.

This gives comfort to buyers and lenders, as generation reliability improves. One of the biggest highlights is the 30 GW renewable energy park under development at Khavda in Gujarat (area ~538 sq km). Adani Green Energy already has ~7.1 GW operational there (solar, wind and hybrid combined). With robotic solar‐module installation, waterless cleaning, and top‐class wind turbines (5.2 MW size) this project is aimed to be world-class.

The Khavda Renewable Energy Park (also referred to as Gujarat Hybrid Renewable Energy Park) is planned for 30 GW and spans ~538 sq km. The location has excellent solar irradiation (over 2,000 kWh/m²) and strong wind resources, making it ideal for hybrid plants. References show AGEL has already operationalised 1 GW at Khavda in under 12 months of commissioning.

On the ESG front, Adani Green Energy was ranked 1st in India and 7th globally in its sector by Sustainalytics. It also won awards at the ET Energy Leadership Awards 2025 for “Energy Transition Company” and “Energy Company of the Year Renewables”. This shows the company is not just growing but doing so responsibly.

Independent assessments underline that strong ESG performance is increasingly important for renewable companies as they attract global capital. AGEL’s long-term target of 50 GW by 2030 is aligned with India’s broader climate and renewable energy goals, which helps bolster its ESG credentials. To sum up: Adani Green Energy is growing fast more capacity, more output, more profit, and better technology. It remains on course for its goal of 50 GW by 2030. For anyone following India’s clean energy transition, Adani Green Energy is a key company to watch.