Adani Green Energy Limited (AGEL), India's largest renewable energy company, has reported strong financial and operational performance for the first half of fiscal year 2026 (H1 FY26), demonstrating significant growth across key metrics.

Financial Highlights

AGEL's financial results for H1 FY26 show substantial year-on-year improvements:

The company's EBITDA for H1 FY26 has already surpassed the annual EBITDA for FY23, highlighting the rapid growth trajectory.

Operational Performance

AGEL's operational achievements in H1 FY26 underscore its position as a leader in India's renewable energy sector:

• Energy Sales: Increased by 39% year-on-year to 19,569 million units
• Operational Capacity: Grew by 49% year-on-year to 16.7 GW
• Greenfield Capacity Addition: 2,437 MW added in H1 FY26, representing 74% of the capacity added in the entire FY25

Khavda Project Progress

AGEL is making steady progress on its ambitious 30 GW renewable energy plant at Khavda, Gujarat:

• Current operational capacity at Khavda: 7.1 GW
• Project area: 538 sq km (approximately 5 times the size of Paris)
• On track to achieve 30 GW capacity by 2029

ESG Recognition

AGEL's commitment to environmental, social, and governance (ESG) practices has earned it notable recognition:

• Ranked 1st in India and 7th globally in the renewable energy sector by Sustainalytics' ESG assessment
• Honored at the ET Energy Leadership Awards 2025 as 'Energy Transition Company' and 'Energy Company of the year – Renewables'
• Received the 'Best Wind Project' award from MNRE at the Mercom Renewables Summit 2025 for its Khavda project

Management Commentary

Ashish Khanna, CEO of Adani Green Energy, stated, "Having already added 2.4 GW RE capacity in H1 FY26, we're on a firm path to 5 GW capacity addition in FY26 and reaching our targeted capacity of 50 GW by 2030. With relentless efforts by our team, we are making steady progress in our largest ongoing development of 30 GW RE plant at Khavda in Gujarat."

Adani Green Energy's performance in H1 FY26 demonstrates its continued leadership in India's renewable energy sector, with significant growth in operational capacity, energy sales, and financial metrics. The company's focus on advanced technologies and large-scale projects, particularly the Khavda plant, positions it well for future growth in line with India's clean energy transition goals.

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.