Adani Green Energy Reports 34% Year-on-Year Capacity Growth in H1FY25, Energy Sales Surge 20%

Adani Green Energy Limited (AGEL) has announced impressive growth figures for the first half of FY25, reporting a 34% year-on-year increase in operational capacity, reaching 11,184 MW. This significant growth is attributed to the addition of 2,418 MW of solar power and 450 MW of wind power. Notable solar projects include 2,000 MW added in Khavda, Gujarat, and 418 MW in Rajasthan, while the wind segment saw contributions of 250 MW in Khavda and 200 MW in Mandvi, Gujarat.

The company also highlighted a 20% rise in energy sales, totaling 14,128 million units, driven by robust capacity enhancements. AGEL’s solar portfolio achieved a capacity utilization factor (CUF) of 23.9%, supported by a plant availability of 99.4%, while wind power recorded a CUF of 35.7% with a plant availability of 95.0%. Additionally, the hybrid portfolio demonstrated a strong CUF of 42.9%, benefiting from 99.6% plant availability.

Key updates from the company include receiving a letter of award from MSEDCL for a 25-year contract to supply 5 GW of solar power, completing a joint venture with TotalEnergies for a 1,150 MW renewable energy portfolio with an investment of $444 million, and signing its first commercial and industrial agreement to supply 61 MW of renewable energy for Google’s data center. The company also fully redeemed a $750 million Holdco bond, showcasing its solid capital management strategy.

In June, AGEL outlined its ambitious plans to invest Rs 2 trillion by 2030, aiming for a total capacity of 50 GW and targeting an EBITDA of Rs 50,000 crore by the same year. Executive Director Sagar Adani noted that with investment costs around Rs 80-90 lakh per MW, the company anticipates achieving an EBITDA of Rs 50,000 crore, following an EBITDA of Rs 10,462 crore reported for FY24.

Source: Financial Express

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