Adani Green Energy Achieves 48% Capacity Growth, Reaches 17.2 GW in 9M FY26

Adani Green Energy Limited has delivered outstanding operational performance in the first nine months of FY26, demonstrating significant capacity expansion and robust energy generation growth. The company's provisional operational update showcases its leadership position in India's renewable energy transition and commitment to sustainable growth.

Exceptional Capacity Growth and Energy Generation

The company achieved remarkable operational milestones during 9M FY26, with capacity additions representing the fastest growth in its history. The operational capacity expansion was driven by strategic greenfield developments across key renewable energy hubs.

Metric	9M FY25	9M FY26	Growth
Operational Capacity	11,609 MW	17,238 MW	+48%
Energy Sales	20,108 mn units	27,636 mn units	+37%
Greenfield Addition	400 MW	3,000 MW	+650%

The company operationalized 4,187 MW of solar power plants, including 3,137 MW in Khavda, Gujarat, 800 MW in Rajasthan, and 250 MW in Andhra Pradesh. Additionally, 462 MW of wind power plants and 981 MW of hybrid power plants were commissioned in Khavda, Gujarat.

Strong Operational Performance Metrics

Adani Green Energy maintained excellent operational efficiency across all technology platforms during 9M FY26. The company's focus on technology-driven operations and maintenance delivered consistent performance improvements.

Technology	CUF (%)	Plant Availability (%)	Grid Availability (%)
Solar Portfolio	23.70%	99.10%	98.00%
Wind Portfolio	29.20%	95.50%	96.90%
Hybrid Portfolio	34.80%	98.50%	95.70%

The company's Energy Network Operations Center (ENOC) in Ahmedabad provides real-time monitoring of operating assets across 12 states, enabling predictive maintenance and optimizing performance through artificial intelligence and machine learning capabilities.

Portfolio Composition and Strategic Positioning

Adani Green Energy's renewable energy portfolio spans 12 resource-rich states across India, with a diversified mix of solar, wind, and hybrid technologies. As of December 2025, the operational portfolio comprises 69% solar, 13% wind, and 18% hybrid capacity.

The company's contract portfolio provides stable revenue streams with 81% of capacity under 25-year fixed tariff power purchase agreements and 19% through merchant and commercial & industrial sales. This balanced approach ensures predictable cash flows while capturing market opportunities.

Global Recognition and Sustainability Leadership

Adani Green Energy achieved significant recognition for its sustainability efforts and operational excellence during the reporting period:

Ranked No. 1 in Energy Intelligence's Annual Global Top 100 Green Utilities Rankings for 2025, rising from third place
Mainstreamed the Taskforce on Nature-related Financial Disclosures (TNFD) framework into operations
Won Water Stewardship and Clean Energy Champion awards in the Gold Category by Financial Express Green Sarthi Award 2025

Future Growth Trajectory

The company remains committed to its ambitious target of reaching 50 GW capacity by 2030, with secured growth paths through resource-rich sites totaling approximately 250,000 acres. The portfolio expansion will include increased focus on merchant, commercial & industrial, contract for difference, and mid-duration hybrid opportunities while maintaining stable cash flows through long-term power purchase agreements.

Adani Green Energy's operational update for 9M FY26 demonstrates the company's ability to execute large-scale renewable energy projects while maintaining operational excellence and sustainability leadership in the global green energy transition.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.64%	-9.51%	-5.90%	-5.55%	-3.86%	-2.92%

Adani Green Energy has reported strong operational performance during the nine-month period, showcasing significant expansion across key business metrics. The renewable energy company achieved notable growth in both operational capacity and energy sales, reflecting robust business momentum in India's clean energy sector.

Operational Performance Highlights

The company's operational capacity demonstrated impressive growth trajectory during the nine-month period. Key performance indicators show substantial year-on-year improvements across core business areas.

Metric	Growth Rate (YoY)
Operational Capacity	+48.00%
Energy Sales	+37.00%

Capacity Expansion Drive

Adani Green Energy's operational capacity registered a remarkable 48% year-on-year growth during the nine-month period. This substantial expansion indicates the company's successful execution of its capacity addition plans and strengthening of its renewable energy infrastructure. The significant capacity growth demonstrates the company's commitment to scaling its clean energy operations and meeting the growing demand for renewable power in the Indian market.

Energy Sales Performance

The company's energy sales performance showed strong commercial traction with a 37% year-on-year increase during the nine-month period. This growth in energy sales reflects improved operational efficiency and better utilization of the expanded capacity base. The robust sales growth indicates strong demand for the company's renewable energy output and successful commercial execution of its expanded operations.

Business Momentum

The dual growth in both operational capacity and energy sales demonstrates Adani Green Energy's effective operational strategy and execution capabilities. The company's ability to achieve substantial growth across these key metrics positions it favorably in India's expanding renewable energy landscape. These performance indicators reflect the company's continued focus on operational excellence and market expansion in the clean energy sector.