Desk : In a year when the world’s energy transition is being judged on real-world emissions reductions, Adani Green Energy Ltd (AGEL) has emerged as the No. 1 utility in Energy Intelligence’s annual Global Top 100 Green Utilities ranking, beating three Chinese companies and six European companies to the top spot, including China National Nuclear Corp, Spain’s Acciona and Iberdrola and Italy’s NE.
The UK Energy Intelligence ranking tracks 100 large power generators, which together represent more than 35% of the world’s electricity generating capacity—a measure of how quickly large power producers are moving towards clean electricity. The assessment weighs companies’ renewable energy portfolios and greenhouse-gas emissions, reflecting a growing emphasis on how climate leadership must be reflected in both efficiency and carbon performance.
Adani Group CFO Jugeshinder Singh sees the moment as an economic turnaround: “We now have a policy architecture and economics that works… the energy transition has become an economic push,” he said, adding that the company is on track to exceed its FY30 renewables target. AGEL aims to reach 50 GW by FY30, which will contribute more than 10% to India’s national 500 GW renewable target.
AGEL’s rise also reflects a larger geographic shift. Energy Intelligence said the top five indicate a clear shift towards Asia, with Asian companies making up half of the leaders, while the rest of the top 10 is dominated by European companies. Adani Green is the only Indian company in the top five, reflecting the scale and speed of India’s clean-energy buildout.
For AGEL, this is not a one-time thing. The latest list has had a strong run: after coming in at number three in 2024, it has been in the top three for two consecutive years and is now at number one. With 16.7 GW of operational renewable capacity, the company says it is helping drive India’s clean-power momentum at a time when solar and wind are seen as the lowest-cost options for new generation.
From a climate perspective, this ranking also suggests expediency—but not negligence. Energy Intelligence reported that CO₂ emissions from ranked generators fell 6% last year, slower than the 9% decline expected in 2023, but still faster than the general decline seen over the past decade. In other words: progress is real, but the pace must be fast—making every gigawatt of clean power count.
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