Ahmedabad: Adani Green Energy Limited (AGEL) reported strong operational and financial performance for the first half of FY2026–27, with energy sales increasing 32% year-on-year to 25,747 million units and EBITDA from power supply rising 41% to ₹7,957 crore.
The company’s operational renewable energy capacity reached 20.8 GW as of September 30, 2026, marking 24% year-on-year growth. The performance was supported by capacity expansion, technology deployment and operating efficiency across its solar, wind and hybrid renewable energy assets.
For the second quarter of FY2026–27, energy sales increased 33% year-on-year to 12,090 million units. Revenue from power supply rose 45% to ₹4,019 crore, while EBITDA from power supply grew 51% to ₹3,835 crore.
For the six months ended September 30, 2026, revenue from power supply increased 36% to ₹8,299 crore. Cash profit grew 35% year-on-year to ₹4,176 crore, reflecting the company’s operational growth and financial performance.
Renewable Energy Capacity Expands 24%
AGEL added 4,083 MW of greenfield renewable energy capacity on a year-on-year basis during H1 FY27, taking its operational portfolio to 20.8 GW. The additions included 2,957 MW of solar capacity, 805 MW of wind capacity and 321 MW of solar-wind hybrid capacity.
The solar additions comprised 2,568 MW at Khavda in Gujarat and 389 MW in Rajasthan. Wind capacity additions included 666 MW at Khavda and 139 MW at Mundra, while the hybrid capacity was added at Khavda.
The company remains on track to achieve its target of 50 GW of renewable energy capacity by 2030.
Khavda Battery Storage Capacity Reaches 6.63 GWh
Battery energy storage emerged as a key milestone during the quarter. AGEL added approximately 3.08 GWh of battery energy storage system (BESS) capacity at Khavda in Q2 FY27, taking its cumulative installed storage capacity to 6.63 GWh.
According to the company, this accounts for more than 50% of India’s operational battery energy storage capacity and represents the world’s largest single-location battery storage installation. With the pace of deployment, AGEL indicated that it could surpass its 10 GWh BESS capacity guidance for FY27.
The storage expansion is also intended to improve flexibility in managing renewable energy generation and address curtailment challenges at Khavda.
₹17,160 Crore Invested in Capital Expenditure
AGEL invested approximately ₹17,160 crore in capital expenditure during H1 FY27, representing a 38% year-on-year increase. The investment supports continued capacity expansion and the development of large-scale renewable energy infrastructure.
At Khavda, Gujarat, the company is progressing with the development of a planned 30 GW renewable energy project spread across 538 square kilometres. Its operational portfolio at the site reached approximately 10.75 GW, including solar, wind and hybrid capacity, as the company works towards its target of achieving 30 GW of renewable energy capacity at Khavda by 2029.
The project’s execution strategy includes localised supply chains, workforce deployment and technologies such as robotic solar module installation.
Management Highlights Operational Momentum
Commenting on the performance, Ashish Khanna, CEO of Adani Green Energy, said the company’s operational renewable energy portfolio grew 24% year-on-year to 20.8 GW in H1 FY27, while energy sales increased 32%, supported by performance across its solar, wind and hybrid assets.
He also highlighted the expansion of operational battery storage capacity at Khavda to 6.63 GWh, noting that the company would continue scaling up storage deployment while monitoring the availability of transmission infrastructure.
ESG Recognition and Long-Term Growth Plans
AGEL reported several recognitions for its environmental, social and governance (ESG) performance. These include a ranking among the world’s top 10 companies in ESG evaluations by seven rating agencies, the number-one position in the utility sector by NSE Sustainability Ratings and Analytics for the second consecutive year, and the number-one ranking in the alternative electricity subsector by FTSE Russell for the second consecutive year.
The company also received the Clean Power Generation Award at the Reuters Energy Industry Awards 2026 and achieved a CareEdge-ESG 1+ rating with a score of 87.3 for the second consecutive year.
With operational capacity of 20.8 GW, expanding battery storage infrastructure and continued investment in renewable energy projects, Adani Green Energy is advancing its growth strategy in line with India’s broader clean energy transition.
