Adani Green Adds 125 MW Solar at Khavda, Hits 16 GW Mark

05 Sep 2025 CW Team

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.

Financial and Strategic Expansion

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:

500 MW at Chitravathi River, Andhra Pradesh
1,500 MW at Tarali, Maharashtra
1,800 MW at Gandikota, Andhra Pradesh

Long-Term Financial Structuring

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.

Adani Green’s continued expansion and diversification of clean energy assets reinforce its leading position in India’s energy transition journey, with a robust focus on scale, innovation, and sustainability.

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.Financial and Strategic ExpansionAdani 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:500 MW at Chitravathi River, Andhra Pradesh1,500 MW at Tarali, Maharashtra1,800 MW at Gandikota, Andhra PradeshLong-Term Financial StructuringIn 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.Adani Green’s continued expansion and diversification of clean energy assets reinforce its leading position in India’s energy transition journey, with a robust focus on scale, innovation, and sustainability.

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