Adani Green Energy Limited (AGEL) has announced a significant move in the renewable energy sector, with two of its wholly-owned step-down subsidiaries signing agreements to supply hybrid solar-wind power to a commercial and industrial (C&I) customer.

Key Details of the Agreement

Significance of the Deal

This agreement marks a notable step in AGEL's strategy to expand its renewable energy portfolio and cater to the growing demand for clean energy solutions in the commercial and industrial sector. By combining solar and wind power sources, the company aims to provide a more stable and efficient power supply to its customers.

Regulatory Compliance

In line with regulatory requirements, AGEL promptly disclosed this information to the stock exchanges. The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, demonstrating its commitment to transparency and corporate governance.

Market Impact

On the same day as the agreement, AGEL also responded to a query from BSE Limited regarding unusual volume movement in its equity shares. The company clarified that the movement was purely due to market conditions and was market-driven, with management having no control or knowledge of the reasons for the increased trading volume.

This hybrid power agreement, coupled with the market's reaction, underscores the growing interest in renewable energy projects and their potential impact on investor sentiment in the green energy sector.

As the renewable energy landscape continues to evolve, deals like this highlight the increasing integration of various clean energy sources to meet the diverse needs of commercial and industrial consumers. AGEL's move positions it strategically in the competitive renewable energy market.

Adani Green Energy Ltd (AGEL), India's largest renewable energy company, has announced robust financial results for the half-year ended September 30, 2025, demonstrating significant growth across key metrics. The company has also shared plans for substantial capacity expansion at its Khavda unit.

Financial Performance

AGEL reported impressive year-over-year growth in its financial indicators for H1 FY26:

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

Operational Highlights

• Capacity Expansion: AGEL's operational renewable energy capacity grew by 49% year-over-year to 16.7 GW, maintaining its position as India's largest renewable energy portfolio.
• Energy Sales: Increased by 39% YoY to 19,569 million units in H1 FY26.
• Greenfield Additions: Added 2.4 GW of greenfield capacity in H1 FY26, representing 74% of the capacity addition achieved in the entire FY25.

Khavda Project Progress and Expansion Plans

AGEL is making steady progress on its ambitious 30 GW renewable energy plant at Khavda, Gujarat. The project, spread over 538 sq km, is set to become the world's largest renewable energy plant. Currently, the operational portfolio at Khavda stands at 7.1 GW of solar, wind, and hybrid capacity.

In a recent conference call update, Adani Green announced expectations to add 17 GW of additional power capacity from its Khavda unit within a 9-month timeframe. This significant expansion plan underscores the company's commitment to rapid growth and its confidence in executing large-scale projects efficiently.

Technological Advancements

The company is leveraging advanced technologies to enhance operational efficiency:

• Deployment of bifacial solar modules and trackers for maximized electricity generation
• Installation of India's largest 5.2 MW wind turbines
• Implementation of waterless robotic cleaning systems for solar modules

ESG Recognition

AGEL's commitment to sustainable practices has earned it recognition in ESG assessments:

• Ranked 1st in India and 7th globally in the renewable energy sector by Sustainalytics
• Honored as 'Energy Transition Company' and 'Energy Company of the Year – Renewables' at the ET Energy Leadership Awards 2025

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. We're consistently adopting innovative renewable technologies and digitalizing ever more aspects of our business to boost operational efficiency, project execution and safety."

AGEL's strong performance in H1 FY26 and its ambitious expansion plans for the Khavda unit underscore its leading position in India's renewable energy sector and its commitment to driving the country's clean energy transition. The company's focus on technological innovation and sustainable practices positions it well for continued growth in the coming years.