Adani Green Energy FY26 Operational and Capacity Performance Report

Fiscal Year 2026 Summary

Adani Green Energy Ltd (AGEL) concluded fiscal year 2025-26 (FY26) with an operational capacity of 19.3 GW, a 35% year-on-year increase from the previous period. Energy sales for the full fiscal year totaled 37.6 billion units (37,567 MU), representing a 34% growth. This performance follows the operationalization of over 5 GW in greenfield capacity, which accounted for approximately 14% of India’s total solar and wind additions for the calendar year.

Operational Capacity and Addition Breakdown

Greenfield capacity additions in FY26 totaled over 5 GW, accelerating from the 17.2 GW milestone reported at the end of the third quarter (9M FY26). The specific breakdown of operationalized assets in FY26 is as follows:

• Solar Power Additions: 3.4 GW total, including 3 GW commissioned in Khavda, Gujarat, and 438 MW in Rajasthan.
• Wind Power Additions: 683 MW operationalized at the Khavda site.
• Hybrid Power Additions: 956 MW integrated into the operational portfolio.

Portfolio Performance and Plant Availability

The operational efficiency of the core portfolios for FY26 is detailed in the table below, reflecting technical performance across solar, wind, and hybrid assets:

Khavda Project Status and Storage Infrastructure

The energy park in Khavda, Gujarat, encompasses 538 square kilometers, an area approximately five times the size of Paris. The project serves as the primary driver for the company’s objective to reach 30 GW of clean energy generation by 2029. Execution at the site involves robotic solar module installation and a localized supply chain to maintain development velocity.

In FY26, AGEL commissioned a 1,376 MWh Battery Energy Storage System (BESS) unit at the Khavda site. This infrastructure is designed to manage the integration of large-scale intermittent renewable generation into the national grid.

Environmental Impact Metrics

The expansion of operational capacity has resulted in the following environmental performance indicators:

• Carbon Offset: The new capacity additions correspond to an annual offset of 10 million tonnes of CO2.
• Nine-Month Generation Scale: For the first nine months of the fiscal year (9M FY26), clean electricity generation reached 27 billion units, a scale sufficient to power a nation of Azerbaijan’s size for one year.

Financial and Corporate Data Summary

Reported financial results for the quarter ended December 31, 2025 (Q3 FY26), and corporate standing as of April 10, 2026, are as follows:

• Revenue from Power Supply (Q3 FY26): INR 26.18 billion (Rs. 2,420 crore).
• EBITDA Margin (9M FY26): 91.5%, supported by advanced technology at the Energy Network Operation Center (ENOC).
• Consolidated Net Loss (Q3 FY26): INR 410 million.
• Corporate Ranking: Named the World’s No. 1 Green Utility in the latest annual rankings by Energy Intelligence.
• Stock Performance: AGEL shares closed at INR 1,085.35 on the National Stock Exchange (NSE) on April 10, 2026.