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Navin Choudhary SEBI RIA

23rd May 2025 · SEBI-Registered Analyst

About Adani Green Energy Ltd

ADANIGREEN
Adani Green Energy Limited, incorporated in 2015, is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. Part of Adani Group The company is a part of the Adani Group, a leading Indian conglomerate with 9 publicly listed firms across sectors like energy & utility, transport & logistics, materials, metal & mining, etc. As of FY25, the promoter group owned about a 61% stake in the company. Business Overview The company is India’s largest and one of the leading renewable energy companies in the world, enabling the clean energy transition. It develops, owns, and operates utility-scale grid-connected solar, wind, hybrid, and hydro-pumped storage renewable power plants. [2] The company has an operating renewable portfolio of 14.2 GW as of FY25 vs 8.1 GW in FY23. Operational Capacity Mix: Solar: 71% in FY25 vs 62% in FY23 Wind: 13% in FY25 vs 12% in FY23 Hybrid: 16% in FY25 vs 26% in FY23 Operational Metrics: a) Power Generation Volumes (MU): Solar: 16,738 in FY25 vs 10,457 in FY23 Wind: 3,834 in FY25 vs 1,820 in FY23 Hybrid: 7,397 in FY25 vs 2,603 in FY23 b) Average Realization (Rs/kWh): Solar: 3.65 in FY25 vs 3.88 in FY23 Wind: 3.45 in FY25 vs 3.05 in FY23 Hybrid: 2.80 in FY25 vs 2.7 in FY23 Contract Mix FY25 25-Yr Fixed Tariff PPAs: 86% Merchants: 14% The company has executed PPAs with sovereign counterparties such as SECI, NTPC, NHPC, and State DISCOMs. Cloud-Based Operation Center The company has an Energy Network Operation Center in Ahmedabad, which enables real-time monitoring of all the operating plants across 12 states in India with granular insights and automated alerts leading to a 99 %+ plant availability and reduced O&M costs. It has an industrial cloud partnership with Google for ML & AI capabilities.

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