AGEL reported an annual EBITDA growth of 22% in FY2025, with a 35% jump in Q4
AGEL’s greenfield capacity additions of 3.3 GW were led by solar, followed by wind
Its operational capacity increased by 30% over the year to 14.2 GW of mostly solar PV
Indian conglomerate Adani Group’s renewable energy subsidiary Adani Green Energy Ltd. (AGEL) reported strong results for FY 2025 (period ending March 31, 2025), with its EBITDA increasing 22% year-on-year (YoY) to exceed $1 billion (INR 88.18 billion).
EBITDA for Q4 FY25 was INR 24.53 billion ($288 million), an increase of 35% YoY.
AGEL’s annual revenues of INR 94.95 billion ($1.1 billion) represented a 23% increase, comprising INR 26.66 billion ($313 million) in Q4, a 37% jump annually.
The management attributes these results to ‘robust greenfield capacity addition’ of 3.3 GW along with deployment of advanced renewable energy technologies, and superior plant performance. It comprised 1.46 GW of solar, 599 MW of wind capacity in Khavda, 1 GW of solar capacity in Rajasthan and 250 MW of solar capacity in Andhra Pradesh.
AGEL Executive Director Sagar Adani said, “We contributed 16% to the nation’s utility-scale solar and 14% to wind energy additions, setting new benchmarks for rapid, large-scale renewable energy deployment. We are progressing well to develop the world’s largest renewable energy plant of 30 GW by 2029 at Khavda, Gujarat having operationalized 4.1 GW of solar and wind capacity within two years of commencing construction. We delivered high solar capacity utilisation factor (CUF) of 32.4% in Q4 FY25.”
At the end of the reporting period, AGEL’s operational capacity expanded by 30% YoY to 14.2 GW, with a 71% share for solar PV. Of this, 86% is contracted under 25-year fixed tariff power purchase agreements.
An additional 1 GW is nearing completion, which will bring it closer to its overarching 50 GW renewable energy capacity ambition by FY2030.
.png?w=50&fm=png){kind=logo}