Adani Green Energy shares saw a remarkable jump of more than 5% on Tuesday, following the release of a strong operational update that highlighted substantial growth in both its renewable energy capacity and power generation. The stock surged by as much as 5.33% in early trading, reaching a high of Rs 941.40 on the Bombay Stock Exchange (BSE). By 1:05 pm, the shares were still trading 4.17% higher, at Rs 931.
The company’s update for the financial year 2024-25 reflected a significant achievement in its operational capacity, which grew by 30% year-on-year to reach an impressive 14.2 gigawatts (GW). This increase marks a major milestone for one of India’s leading renewable energy companies. In addition to this, Adani Green plans to add another 1 GW of capacity soon, which will take its total operational capacity to a noteworthy 15.2 GW.
The growth in capacity is largely attributed to greenfield projects, with the company adding 3,309 megawatts (MW) of new capacity in the past year. Of this, 2,710 MW came from solar energy projects, with key contributions from Gujarat’s Khavda region (1,460 MW), Rajasthan (1,000 MW), and Andhra Pradesh (250 MW). The company also made significant strides in the wind energy segment, adding 599 MW in Khavda. These expansions in both solar and wind energy represent a clear push toward diversifying its renewable energy portfolio.
As a direct result of this capacity increase, Adani Green witnessed a 28% surge in energy sales, reaching a total of nearly 28,000 million units for the year, based on provisional figures. The company’s performance over the last five years has been particularly strong, with a compound annual growth rate (CAGR) of 45% in power generation. This success is attributed to the growing share of merchant power sales and the high operational efficiency of its renewable assets, underscoring the company’s ability to capitalize on the increasing demand for clean energy.
In terms of plant performance, Adani Green’s solar projects delivered a capacity utilization factor (CUF) of 24.8%, which is a strong indicator of the efficiency of its assets, coupled with an impressive 99.5% plant availability rate. Among these solar assets, the Khavda solar park has performed exceptionally well, reporting a CUF of 32.4% in the fourth quarter, signaling that it is approaching its full operational capacity. This is a notable achievement, as it indicates the solar park’s ability to consistently generate power at a high level of efficiency.
The company’s wind portfolio also showed strong performance, with a CUF of 27.2%. In addition, Adani Green’s hybrid energy segment achieved a CUF of 39.5%, further showcasing the company’s capability to optimize energy production from various renewable sources. Both the wind and hybrid segments also enjoyed high plant availability rates of over 95%, which is an important metric for the company, as it reflects the reliability and uptime of its energy generation assets.
Adani Green’s success can be attributed not only to its expansion in renewable energy capacity but also to its strategic approach to increasing operational efficiency. The company’s ability to add substantial new capacity while maintaining high levels of efficiency in its existing plants positions it as a leader in the renewable energy sector. As the global transition to cleaner energy sources continues to gain momentum, Adani Green’s performance highlights the growing importance of renewable energy in meeting future energy demands.
Looking ahead, Adani Green is well-positioned to continue its growth trajectory, with plans to expand its renewable energy capacity further. Its investments in solar, wind, and hybrid energy projects, along with its focus on improving plant performance and operational efficiency, provide a solid foundation for future success. As the company continues to scale its operations, it is likely to remain a key player in India’s renewable energy market, contributing significantly to the country’s clean energy goals.
