Did Adani Green Exceed $1 Billion in EBITDA for FY25 with 30% RE Capacity Growth?

Synopsis
Key Takeaways
- AGEL achieved over $1 billion in EBITDA for FY25.
- Operational renewable energy capacity reached 14.2 GW, a 30% increase.
- Reported a greenfield addition of 3.3 GW, the highest in India.
- Energy sales increased by 28% year-on-year.
- Revenue growth of 23% YoY to Rs 9,495 crore.
Ahmedabad, April 28 (NationPress) Adani Green Energy Ltd (AGEL) reported impressive results for FY25, exceeding $1 billion in EBITDA, as its operational renewable energy (RE) capacity expanded significantly by 30 percent to 14.2 GW year-on-year, maintaining its status as India’s largest.
The company achieved a greenfield addition of 3.3 GW in FY25, marking the highest ever by an RE firm in India. This growth accounted for 16 percent of the nation's utility-scale solar and 14 percent of wind installations in the previous fiscal year.
Energy sales saw a remarkable increase of 28 percent year-on-year, reaching 27,969 million units, which is equivalent to approximately half of Singapore’s annual power consumption, as per the company's report.
Revenue surged by 23 percent year-on-year to Rs 9,495 crore, while EBITDA climbed by 22 percent to Rs 8,818 crore, showcasing an industry-leading EBITDA margin of 91.7 percent.
Sagar Adani, Executive Director of Adani Green Energy, remarked, “We are playing a crucial role in India's renewable energy expansion, as demonstrated by our historic 3.3 GW greenfield capacity addition in FY25.”
“We contributed 16 percent to the nation’s utility-scale solar and 14 percent to wind energy growth, setting new standards for rapid and large-scale renewable energy deployment. We are on track to develop the world’s largest renewable energy plant of 30 GW by 2029 in Khavda, Gujarat, having operationalized 4.1 GW of solar and wind capacity within just two years of commencing construction,” Sagar Adani stated.
He also highlighted that the company achieved a high solar capacity utilization factor (CUF) of 32.4 percent in Q4 FY25.
“This reflects the site’s high resource potential, enabled by the use of advanced technologies including bifacial n-type modules, horizontal single-axis trackers (HSAT), and waterless robotic cleaning systems. In line with our circular economy initiatives, we reached water positivity across our entire operational portfolio ahead of our FY26 target, underscoring our commitment to achieving ESG objectives,” Sagar Adani noted.
The company reported a significant increase in cash profit, rising 22 percent year-on-year to Rs 4,871 crore in FY25.
AGEL is developing a vast 30 GW renewable energy plant at Khavda in Gujarat, which spans 538 sq km, nearly five times the size of Paris.