Overview
Adani Green Energy Limited (AGEL) is an Indian renewable energy company headquartered in Ahmedabad, Gujarat. It is part of the Adani Group, the diversified conglomerate founded by Gautam Adani. The company develops, builds, owns, and operates utility-scale grid-connected solar and wind farm projects, and is among the largest renewable energy producers in India.
| Type | Public company |
|---|---|
| Industry | Renewable energy |
| Headquarters | Ahmedabad, Gujarat, India |
| Parent | Adani Group |
| Founder | Gautam Adani |
| Listings | BSE, NSE |
| Sector | Solar, wind, and hybrid power |
Background
Adani Green Energy was incorporated to consolidate the renewable energy business of the Adani Group. The company operates within India's expanding clean energy sector, which has been driven by national targets for installed renewable capacity and policy mechanisms such as competitive tariff-based auctions conducted by the Solar Energy Corporation of India (SECI) and various state utilities.
AGEL's portfolio includes solar photovoltaic plants, wind power projects, and hybrid solar–wind installations across multiple Indian states, including Rajasthan, Gujarat, Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, Maharashtra, Madhya Pradesh, Punjab, Uttar Pradesh, and Chhattisgarh. Power generated by the company is typically sold under long-term power purchase agreements (PPAs) with central and state distribution utilities.
Operations
The company's business model centres on long-term contracted renewable generation. Major operating sites include large solar parks in Kamuthi (Tamil Nadu) and projects in Rajasthan, alongside wind installations in Gujarat and other windy regions. AGEL has also announced development of one of the world's largest renewable energy parks at Khavda in the Kutch district of Gujarat, encompassing solar and wind capacity.
Joint ventures and partnerships
AGEL has entered into partnerships with international energy and infrastructure investors. Notably, the French oil and gas major TotalEnergies acquired a significant minority stake in the company and entered into joint ventures for specific portfolios of solar assets.
Listing and corporate structure
Adani Green Energy is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). It operates through several special purpose vehicles (SPVs) and subsidiaries, each typically corresponding to a specific generation asset or portfolio. The company is one of several listed entities within the Adani Group, alongside Adani Enterprises, Adani Ports and SEZ, Adani Power, and Adani Transmission.
Significance
AGEL is regarded as a key vehicle through which the Adani Group has expanded into clean energy, aligning with India's commitments under the Paris Agreement and the country's national renewable energy targets. The company's projects contribute to grid-connected renewable capacity addition and to the displacement of fossil-fuel-based generation in India's electricity mix.
Related topics
- Adani Group
- Gautam Adani
- Renewable energy in India
- Solar power in India
- Wind power in India
- Solar Energy Corporation of India
- Khavda Renewable Energy Park
- TotalEnergies
References
- Wikidata entity: Q83473736
- Filings and disclosures of Adani Green Energy Limited with BSE and NSE.
- Ministry of New and Renewable Energy, Government of India — sectoral data on installed renewable capacity.