Adani Green Energy Limited (AGEL) has released its equity investor presentation, highlighting its portfolio, strategy, and financial performance. Key takeaways include a focus on renewable energy capacity growth, operational excellence, and a commitment to ESG standards. AGEL aims for 50 GW of renewable capacity by 2030 and is focused on maintaining high EBITDA margins and a strong credit profile. The presentation emphasizes AGEL’s role in India’s energy transition and its commitment to sustainable growth.
Adani Portfolio Overview
AGEL’s portfolio includes a variety of renewable energy projects, including solar, wind, and hybrid plants, spread across 12 resource-rich states in India. As of September 2025, the operational capacity stands at 16.7 GW, with a target of reaching 50 GW by FY30E. The company aims to achieve this through a mix of solar, wind, and hybrid projects, focusing on high-quality resources.
Financial Performance
In H1 FY26, AGEL reported a units generation of 20 Bn, a 39% year-over-year increase. The revenue for H1 FY26 stood at ₹6,088 Cr, an increase of 26% YoY. EBITDA for the same period was ₹5,651 Cr, showcasing a 91.8% EBITDA margin. Capex incurred was ₹12,412 Cr, a 26% increase YoY.
AGEL emphasizes maintaining a robust financial profile with a focus on reducing net debt to EBITDA ratios. The company has a long-term debt maturity profile with diversified sources of funding. The aim is to ensure stable cash flows while achieving higher returns through strategic project development.
Strategic Initiatives
Key strategic initiatives include securing resource-rich sites, strong project execution capabilities, and deep procurement relationships. AGEL is focused on achieving operational excellence through digitalization and advanced analytics. The company is deploying cutting-edge solutions and aiming for efficient capital management. A well-positioned strategy for industry-leading de-risked growth is further augmented by securing long-term funding.
ESG Commitments
AGEL is committed to ESG standards, with a focus on minimizing its environmental impact and enhancing social responsibility. The company is aiming for net water-positive status for 100% of its operating plants by FY26. There is a committed target to adopt 65% EV by FY30. AGEL is also focused on sustainable supply chain management and community development through various initiatives.
Khavda Project Highlights
AGEL is developing the world’s largest single-location renewable energy project at Khavda, Gujarat. The project aims for a total capacity of 30 GW by 2029 and is being built on arid, non-cultivable land. The strategic location provides high solar irradiation and wind speeds. The project is characterized by significant scale efficiencies, advanced design planning, and customized terrain adaptation.
Source: BSE
