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Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, has operationalised an additional 125 megawatts (MW) of solar power at its sprawling Khavda Renewable Energy Park in Gujarat. The latest commissioning marks another milestone in AGEL’s ambitious journey to build the world’s largest renewable energy installation, with a targeted capacity of 30 gigawatts (GW).
The newly added capacity was brought online by Adani Renewable Energy Fifty Six Ltd, one of AGEL’s project-specific subsidiaries. This incremental commissioning is part of a broader rollout that has seen AGEL activate over 1,000 MW of renewable capacity at Khavda in recent months, including solar, wind, and hybrid installations.
Khavda: A Renewable Powerhouse in the Making
Located in the arid expanse of Kutch district, the Khavda RE Park is a flagship project for India’s clean energy transition. Spanning over 538 square kilometers—an area five times the size of Paris—the park is designed to harness the region’s high solar irradiance and wind potential.
With the latest commissioning, AGEL’s cumulative operational capacity at Khavda has reached 3.7 GW, contributing significantly to its national portfolio of 15.5 GW of renewable energy. The Khavda site alone is expected to supply clean electricity to over 16 million homes once fully operational, while offsetting 58 million tons of CO₂ emissions annually.
“Khavda is not just a project—it’s a symbol of India’s leadership in renewable energy,” said an AGEL spokesperson. “Every megawatt commissioned here brings us closer to a greener, more sustainable future.”
Strategic Significance and Scale
The 125 MW solar addition is part of AGEL’s modular commissioning strategy, which allows for phased rollouts while maintaining construction momentum. This approach ensures early revenue generation and grid integration, even as larger capacities are under development.
AGEL’s Khavda operations are supported by advanced technologies including bifacial solar panels, robotic cleaning systems, and AI-powered performance monitoring. The company has also invested in robust transmission infrastructure to evacuate power efficiently across states.
The Khavda RE Park is central to AGEL’s vision of achieving 45 GW of renewable capacity by 2030, aligning with India’s national target of 500 GW of non-fossil fuel capacity by the same year.
Global Partnerships and Investment Momentum
AGEL’s progress at Khavda has attracted global attention and investment. In 2024, the company entered into a 50:50 joint venture with TotalEnergies, a French energy major, to manage a 1,150 MW solar portfolio at Khavda. TotalEnergies committed USD 444 million to accelerate development, underscoring international confidence in AGEL’s execution capabilities.
This partnership not only strengthens AGEL’s financial position but also enhances its access to global best practices in clean energy deployment.
Market Impact and Future Outlook
The operationalisation of the 125 MW solar project is expected to positively impact AGEL’s revenue and EBITDA margins, given the favorable tariffs under long-term Power Purchase Agreements (PPAs) with entities like the Solar Energy Corporation of India (SECI).
AGEL’s stock has remained resilient amid market fluctuations, buoyed by its consistent project delivery and strong ESG credentials. Analysts anticipate further upside as more capacity comes online and carbon credit monetization gains traction.
Looking ahead, AGEL plans to commission additional solar and wind capacity at Khavda through FY2026, with hybrid systems offering grid stability and peak-hour supply advantages.
Sustainability and Community Impact
Beyond energy generation, AGEL’s Khavda initiative is creating over 15,000 green jobs, supporting local economies, and promoting sustainable land use. The company has also launched CSR programs focused on education, healthcare, and skill development in surrounding villages.
AGEL’s commitment to environmental stewardship includes water conservation, biodiversity protection, and zero-waste construction practices—setting new benchmarks for utility-scale renewable projects.
Sources: Energetica India, Asian Power, Adani Green & TotalEnergies JV Announcement
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