India added just 6.7 gigawatts of solar capacity in Q1 2025, down from 9 gigawatts during the same period in 2024. The decline was attributed to delayed project commissioning, supply chain bottlenecks and cautious investor sentiment. However, recent announcements in the sector signal a revival in momentum that could help bridge this capacity gap in the coming months.
Adani Green Energy Ltd (AGEL) has commissioned 187.5 MW of additional solar power capacity at Khavda, Gujarat, raising AGEL’s total operational renewable energy capacity to 14,528.4 MW. The company plans to commission 5 GW more in FY26, with 95 per cent of this already sanctioned and financed. CFO Saurabh Shah confirmed that debt arrangements are in place and no financial challenges are anticipated. CEO Ashish Khanna addressed concerns over the current 27 per cent wind CUF, attributing it to seasonal variations and legacy assets. However, with the deployment of India’s largest 5.2 MW wind turbines at Khavda, CUF performance is expected to improve.
Looking ahead, AGEL aims to add 4 GW of renewable energy capacity by June 2025 and 7 GW by the year-end. Khanna highlighted that solar CUF is largely dependent on irradiation, and the company has already observed CUFs exceeding 32 per cent in the current quarter. The leadership expressed optimism that technological upgrades and favourable weather patterns will continue to drive efficiency and growth across AGEL’s clean energy portfolio.
