Adani Green Energy (AGEL) on Wednesday announced that its wholly-owned stepdown subsidiary, Adani Renewable Energy Fifty Seven Limited has operationalised an incremental solar power project of 187.5 MW at Khavda, Gujarat.
With the operationalisation of this plant, AGEL’s total operational renewable generation capacity has increased to 14,528.4 MW. In regulatory filing, the company said, “Based on the relevant clearances, it was decided at 8.11 a.m. on May 21, 2025 to operationalize the plant from May 22, 2025.”
Khavda Renewable Energy Plant is Adani Green Energy’s colossal project spanning 538 square kilometres. This solar and wind hybrid park, worth Rs 1.5 lakh crore, is the world’s largest renewable energy site in a single location. It’s located just a few kilometres from the Pakistan border and is set to expand its capacity from 2.4 GW to 30 GW by 2030.
For AGEL, Khavda is key to achieving its goal of 50 GW of operational renewable energy capacity by 2030. This is more crucial because India aims for 500 GW of renewable energy capacity by the same year, making Khavda an important part of the country’s clean energy efforts.
Earlier, a source had told Financial Express that AGEL has an annual capex outlay of $4-5 billion, with Khavda as its flagship project and the company will invest heavily in the park.
Earlier in April, Adani Green had announced its January to March quarter results for FY25. The company’s net profit went up by 24 per cent to Rs 383 crore in Q4FY25, as compared with Rs 310 crore in the same period a year ago. The company’s revenue from core operations stood at Rs 3,073 crore, up 21.6 per cent as against Rs 2,527 crore in the same period the previous financial year.
Shares of Adani Green were down 0.19 per cent at 9:30 am today at a trading price of Rs 982.20.