Industry Revenues:

• Renewable Energies: 100% (2025)

TOP 3 Markets:

• India: approx. 70%
• USA: approx. 15%
• Europe: approx. 10%

Adani Green Energy Limited generates all its revenues from the renewable energy sector, particularly through solar and wind energy projects. The Indian market is the company's main market, which is not surprising given India's strong investment in renewable energies and Adani Green Energy's significant presence there.

The USA and Europe are also important markets as the company drives its international expansion to benefit from global trends towards decarbonization and the use of renewable energies. These markets offer significant growth opportunities as many countries increase their renewable energy targets.

Production Sites: India (various states)

Adani Green Energy Limited produces its products, especially in the field of renewable energy, mainly in India. The company operates a variety of solar and wind power plants in several Indian states, including Rajasthan, Gujarat, Tamil Nadu, and Karnataka. These sites were selected due to favorable climatic conditions and the availability of land for large solar fields and wind farms.

The strategic placement of these plants enables Adani Green Energy to maximize energy production while meeting the requirements of the Indian energy market. The company also plans to expand its capacities further to meet the increasing demand for renewable energy.

Capacity Expansion: Target of 45 GW by 2030
Investment Volume: 20 billion USD by 2025
Renewable Energy Projects: Focus on solar and wind power

Adani Green Energy Limited is pursuing an aggressive growth strategy based on expanding its capacities in the field of renewable energies. The company plans to increase its installed capacity to 45 gigawatts by 2030, which represents a significant increase compared to current capacities.

To achieve this goal, Adani Green Energy has earmarked an investment volume of 20 billion USD by 2025. These investments will mainly go towards expanding solar and wind power projects to meet the rising demand for clean energy.

In addition, the company is relying on strategic partnerships and joint ventures to promote technological innovations and increase the efficiency of its projects. This is intended not only to enhance competitiveness in the global market but also to contribute to achieving sustainability goals.

Main Imported Raw Materials: Solar modules, wind turbines, batteries
Countries of Origin: China, Germany, USA

Adani Green Energy Limited mainly imports solar modules, wind turbines, and batteries that are necessary for the operation and expansion of their renewable energy projects. A large portion of the solar modules are sourced from China, as the country is one of the largest manufacturers of photovoltaic modules worldwide. Wind turbines and related components are often imported from Germany and the USA, as these countries are leading in the production of wind power technology.

These imports are crucial for the continuous expansion and operation of Adani Green Energy's projects, as they rely on high-quality and efficient technologies to achieve their energy goals.

Market share in the field of renewable energies in India: approx. 20% (2025, estimated)
Installed capacity: 20 GW (2025, estimated)
Growth rate of installed capacity: 25% annually (2023-2025, estimated)

Adani Green Energy Limited has established itself as one of the leading players in the field of renewable energies in India. With an estimated installed capacity of 20 GW in 2025 and an annual growth rate of about 25% in recent years, the company demonstrates strong expansion.

Adani Green Energy's competitive advantage lies in its ability to efficiently execute large projects and benefit from the support of the Indian government for renewable energies. Additionally, the company has a robust pipeline of projects that could further strengthen its market position.

Another advantage is the vertical integration within the Adani Group, which enables cost efficiencies and the utilization of synergies. This gives Adani Green Energy a significant edge over smaller competitors that do not have similar resources and networks.

Institutional Investor Share: 22% (2025, estimated)
Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

Adani Green Energy Limited has an estimated institutional investor share of about 22%. This demonstrates the confidence of institutional investors in the company's long-term growth potential in the renewable energy sector.

In 2025, there were no significant insider buys or sells, indicating that the management and insiders may be content with the current company strategy and market conditions. However, such transactions could also be influenced by regulatory or strategic considerations.

Market share of Adani Green Energy Limited: 8% (estimated for 2025)

Top competitors and their market shares:

1. Tata Power Renewable Energy Limited: 12%
2. ReNew Power: 10%
3. NTPC Renewable Energy Limited: 9%
4. Adani Green Energy Limited: 8%
5. Azure Power: 7%
6. ACME Solar: 6%
7. JSW Energy: 5%
8. Suzlon Energy: 4%
9. Hero Future Energies: 3%
10. Sterlite Power: 2%

Moat of Adani Green Energy Limited:

Adani Green Energy Limited has a significant moat due to its extensive investments in renewable energy and its strategic partnership with international investors. The company benefits from a strong presence in India, one of the fastest-growing markets for renewable energy.

Another advantage is the vertical integration within the Adani Group, which allows for leveraging synergies and achieving cost efficiencies. This gives Adani Green a competitive edge over some competitors.

However, companies like Tata Power and ReNew Power also have strong market positions and benefit from established networks and technological innovations. For example, Tata Power has a diversified energy generation structure that enables it to flexibly respond to market changes.

Overall, Adani Green has a solid moat, but they operate in a fiercely competitive market where other companies also have significant advantages.

Revenue Growth: 20% (2024) Installed Capacity: 20 GW (2024) Long-Term Power Purchase Agreements: 25 years on average

Adani Green Energy Limited has experienced strong revenue growth of 20% in recent years, attributed to the expansion of their renewable energy projects. The company has increased its installed capacity to 20 gigawatts, making it one of the largest players in the renewable energy sector in India.

Another positive aspect is securing long-term power purchase agreements with an average duration of 25 years. These contracts provide a stable source of income and reduce the risk of market fluctuations.

The strategic focus on renewable energy and the support from the Indian government for green energy projects offer Adani Green Energy long-term growth opportunities. However, investors should also consider the company's debt levels and political risks in India.

Dividend payment: No dividend (as of 2025)

Adani Green Energy Limited has not paid any dividends in the past and continues this trend in 2025. The company typically reinvests its profits in expanding its renewable energy projects to support its growth strategy.

The reliability of dividend payment is therefore not guaranteed as the company currently does not have a dividend policy. Investors should focus more on the potential for capital growth rather than dividend yields.