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Adani Green Energy Limited is one of India's largest renewable energy companies, with a project portfolio of 20,434 MW. The company operates in 12 Indian states, focusing on solar, wind, and hybrid power generation. It sells power through long-term Power Purchase Agreements (PPAs) with central and state government entities and on a merchant basis. Adani Green Energy has 5,410 MW of operational projects and 15,024 MW under construction. The company is developing a solar park in Khavda, Gujarat, and has a locked-in renewable energy portfolio of approximately 21,953 MW, with 10,934 MW operational and 11,019 MW under execution. Additionally, it has a 500 MW hydro pumped storage project. The company was incorporated in 2015 as a subsidiary of Adani Enterprises Limited and became publicly listed in 2018.
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Company insights, generated from the most recent coverage.
Khavda Solar+Storage LCOE is ₹4.5-4.7/kWh, undercutting new coal generation (₹5.4-6.30/kWh), validating the economic superiority of hybrid renewable models.
Commissioned 3,551 MWh BESS at Khavda (largest single-location outside China), enabling round-the-clock renewable power and ancillary service revenues.
Operational capacity reached 20,280.80 MW with 139 MW Khavda solar commissioning; Q1 FY27 EBITDA margin hit 94% on power supply, signaling strong scale economies.