Adani Green Energy Limited (AGEL), India's leading renewable energy company, has taken a significant step towards expanding its renewable energy portfolio by incorporating five new wholly-owned step-down subsidiaries. This strategic move is set to bolster AGEL's presence in the hydro energy sector.

New Subsidiaries

The five new entities, incorporated through AGEL's subsidiary Adani Saur Urja (KA) Limited, are:

1. Adani Hydro Energy Eleven Limited (AHE11L)
2. Adani Hydro Energy Twelve Limited (AHE12L)
3. Adani Hydro Energy Fifteen Limited (AHE15L)
4. Adani Hydro Energy Fourteen Limited (AHE14L)
5. Adani Hydro Energy Seventeen Limited (AHE17L)

These subsidiaries were incorporated with each having an authorized capital of Rs. 1,00,000.

Focus on Renewable Energy

The primary objective of these new entities is to generate, develop, transform, distribute, transmit, and supply power or electrical energy using wind, solar, or other renewable sources of energy. This aligns with AGEL's commitment to expanding its renewable energy portfolio and contributing to India's clean energy goals.

Financial Details

All five subsidiaries are yet to commence business operations.

Operational Update

In a separate announcement, AGEL reported the operationalization of a 50 MW solar power project at Khavda, Gujarat, through its wholly-owned stepdown subsidiary, Adani Green Energy Twenty Six A Limited. This addition has increased AGEL's total operational renewable generation capacity to 16,729.80 MW, further solidifying its position as a leader in India's renewable energy sector.

Market Position

Adani Green Energy continues to maintain its status as India's largest renewable energy portfolio. The company's operational capacity stood at 16,680 MW, with a robust pipeline for future growth. The company's focus on solar, wind, and hybrid projects has positioned it at the forefront of India's energy transition.

Financial Performance

While specific financial details for these new subsidiaries are not yet available, AGEL's overall performance has been strong. In the first half of the fiscal year, the company reported a 39% year-on-year increase in sale of energy, reaching 19,569 million units. This growth was supported by a 49% increase in operational capacity over the same period.

Future Outlook

The incorporation of these new hydro energy subsidiaries signals AGEL's intent to diversify its renewable energy portfolio further. As the company continues to expand its operational capacity and explore new avenues in the renewable energy sector, it is well-positioned to play a crucial role in India's sustainable energy future.

Adani Green Energy Limited's strategic expansion and consistent operational growth underscore its commitment to leading India's energy transition and contributing to the country's renewable energy targets.

Adani Green Energy Limited (AGEL) has reported significant operational growth in H1 FY26, with its renewable energy capacity increasing 49% year-on-year to 16.7 GW. The company has also announced the operationalization of a new 50 MW solar power project in Khavda, Gujarat, further expanding its renewable energy portfolio.

H1 FY26 Performance Highlights

• Renewable energy capacity increased 49% year-on-year to 16.7 GW
• Added 2.4 GW of greenfield capacity, representing 74% of its annual capacity addition in FY25
• Energy sales rose 39% to 19,569 million units
• Operationalized 4,200 MW of solar power plants, 491 MW of wind power plants, and 805 MW of hybrid power plants
• Solar portfolio achieved 24.8% capacity utilization factor with 99.0% plant availability
• Wind portfolio reached 37.8% CUF with 95.2% plant availability

New 50 MW Solar Project in Gujarat

The new solar power project, executed through AGEL's wholly-owned stepdown subsidiary Adani Green Energy Twenty Six A Limited, commenced power generation on October 16, 2025. With this addition, AGEL's total operational renewable generation capacity has increased to 16,729.80 MW.

Corporate Recognition and Future Goals

AGEL maintained its position as India's largest renewable energy portfolio operator and received recognition including ranking 1st in India and 7th globally in the renewable energy sector ESG assessment by Sustainalytics. The company continues to target 50 GW capacity by 2030.

Corporate Disclosure and Investor Interaction

The company made the announcement about the new solar project in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Additionally, AGEL is scheduled to participate in the Nomura Credit Conference on October 17, 2025, demonstrating its commitment to maintaining transparent communication with investors and the financial community.

The significant growth in operational capacity and the addition of the new solar project underscore Adani Green Energy's ongoing efforts to expand its renewable energy footprint while maintaining active engagement with its stakeholders. As the company continues to grow its operational capacity, it remains a key player in India's transition towards sustainable energy sources.