Adani Renewable Energy Fifty-Six, a subsidiary of Adani Green Energy Ltd (AGEL), has commissioned an additional 125 MW solar power project at Khavda in Gujarat, expanding AGEL’s total operational renewable energy portfolio to 15,990.5 MW.

This capacity includes 11,005.5 MW of solar, 1,977.8 MW of wind, and 2,556.6 MW of hybrid wind-solar assets across multiple Indian states. The Khavda project is part of AGEL’s ongoing phased development, reinforcing its dominance in the country’s utility-scale renewable sector.

According to Mercom India’s Solar Market Leaderboard 2025, Adani Green topped the list of utility-scale solar developers in 2024, accounting for 17.6 per cent of annual capacity additions. The company commissioned 2.6 GW, of which 2 GW came under its flagship 8 GW manufacturing-linked project in Khavda.

Adani Green posted a 31 per cent year-on-year increase in revenue, rising from Rs 25.28 billion (~USD 291 million) in Q1 FY2025 to Rs 33.13 billion (~USD 382 million) in Q1 FY2026.

Expanding beyond solar and wind, the company is also venturing into pumped hydro storage (PHS). In February, it received a letter of award for the 1,250 MW Panaura PHS project in Sonbhadra, Uttar Pradesh, with a 40-year minimum commitment. Completion is expected within six years.

Other PHS projects underway include:

In March 2025, AGEL successfully refinanced USD 1.06 billion (~Rs 92.56 billion) for its wind-solar hybrid projects in Rajasthan. This was the company’s first construction finance facility, structured with a door-to-door tenor of 19 years, featuring a fully amortised debt model aligned with long-term project cash flows.