Adani Green Energy Ltd (AGEL) has commissioned an aggregate of 307.4 MW of renewable energy projects across solar, wind, and hybrid segments at Khavda, Gujarat, through its various stepdown subsidiaries. The commissioning was completed on December 31, 2025, with power generation commencing from January 1, 2026, the company stated in a regulatory filing.
Breakdown of Projects
Adani Renewable Energy Forty One: 0.2 MW wind project
Adani Green Energy Twenty Five C: 75 MW solar project
Adani Green Energy Twenty Six B: 25 MW wind + 50 MW hybrid project
Adani Hybrid Energy Jaisalmer Five: 31.2 MW wind + 126 MW hybrid project
AGEL said, “Based on the relevant clearances, it was decided at 7.47 a.m. on December 31, 2025 to operationalise these plants and commence power generation from January 01, 2026.”
With these additions, AGEL’s total operational renewable capacity has increased to 17,237.2 MW. The company is also developing the world’s largest renewable energy project at Khavda, spanning 538 sq km, which will eventually have a 30 GW capacity, making it one of the largest power plants globally.
AGEL plans to expand its renewable portfolio to 50 GW by 2030, including solar, wind, hybrid, and pumped storage projects, supported by a USD 21 billion investment and a USD 3.4 billion revolving construction facility. The company has also secured over 5 GW of pumped storage project sites and is focusing on commercial, industrial, and merchant energy segments.
Financial Performance and Market Outlook
During FY25, AGEL reported a 30% YoY increase in operational capacity. Analysts at JM Financial highlighted the company’s strong track record, synergies with other Adani group businesses, and robust project pipeline as key factors for achieving the 50 GW target. AGEL currently has 27 GW of signed PPAs and 4 GW of LOAs, with several LOAs recently converted into PPAs.
The commissioning of these projects reinforces AGEL’s position as one of India’s largest renewable energy developers, keeping the company on track to meet its FY26 addition target of 5 GW and long-term 30 GW operational capacity goal by FY30.





