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), 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.