Adani Green Energy Posts 59% Profit Surge, Expands Renewable Footprint

Adani Green Energy is expanding its portfolio and entering new sectors like battery storage and hydrogen production to ensure long-term growth opportunities. 

Adani Green Energy Limited (AGEL), the renewable energy division of Adani group, reported a net profit of ₹2,001 crore for the financial year 2024-25, marking a 59% increase from the previous year, thanks to the greenfield capacity expansions.

In fiscal year 2025, the company’s total income increased to ₹12,422 crore, with 18% yearly growth. Its power supply revenue rose ₹9,495 crore, a 23% increase.

The company credited revenue growth to robust greenfield capacity expansion of 3.3 GW, with the expansion of advanced renewable energy (RE) technologies, and superior plant performance.

For the full financial year 2025, EBITDA (earnings before interest, taxes, depreciation, and amortization) was at ₹8,818 crore, a 22% year-on-year basis increase and an EBITDA margin of 91.7%.

Adani Green Energy was able to achieve its dream of a greener future within less than 10 years. It started as a nascent concept of exploring clean energy and later turned into an extraordinary project of 10,000 MW.

AGEL partnered with international banks and used its existing infrastructure to create and implement large-scale renewable energy projects.

AGEL, an Indian renewable energy company, is expanding its portfolio and entering new sectors like battery storage and hydrogen production to ensure long-term growth opportunities. 

Sagar Adani, Executive Director of Adani Green Energy, remarked they wanted to expand renewable energy in India to support India’s ambitious clean energy targets and sustainable development goals. They contribute to 16% of the country’s solar and 14% of wind energy additions, setting new benchmarks for quick, large-scale renewable projects.

In FY25, the greenfield expansions comprised 1,460 MW of solar capacity and 599 MW of wind capacity in Khavda, 1,000 MW in Rajasthan, and 250 MW in Andhra Pradesh.

They are in the process of developing the world’s largest renewable energy plant with a capacity of 30 GW at Khavda, Gujarat, planned to be completed by 2029, with having operationalized 4.1 GW of solar and wind capacity within two years of starting construction.

Adani delivered a high solar capacity utilization factor (CUF) of 32.4% in Q4 FY25.

They used the site’s resource potential for energy by using advanced technologies like bifacial n-type modules, horizontal single-axis trackers (HSAT), and waterless robotic cleaning systems.

Adani added that they had also achieved water positivity before their FY26 target, demonstrating its dedication to achieving ESG objectives.

The company’s operational capacity has grown impressively by 30% every year, reaching 14.2 GW. They expect it to rise to 15.2 GW, with an extra 1 GW close to completion. The company reported that energy sales increased by 28% year-over-year, reaching 27,969 million units, half of Singapore‘s annual power consumption.

Regarding the Khavda project located in Gujarat’s Kutch district, the company remarked that AGEL has operationalized 4.1 GW of solar and wind capacity within just 2 years of commencing work.

AGEL is well-positioned to establish a global benchmark for the speed of execution at such a large scale by 2029, thanks to its robust deployment of human resources, localized supply chain, and advanced technologies like robotic solar module installation, that helped it achieve a renewable energy capacity of 30 GW in Khavda.

The facility uses the latest bifacial solar modules and trackers to optimize electricity production.

Additionally, it uses India’s largest 5.2 MW wind turbine, which ranks among the most powerful onshore wind turbines worldwide. It also introduces robotic cleaning without water throughout the plant, which uses almost no water and boosts electricity production.