Adani Green Energy Ltd (AGEL), India’s largest pure-play renewable energy company, has reported strong financial and operational performance for the year ended March 31, 2026. The company achieved its highest-ever annual greenfield capacity addition of 5.1 GW and recorded a 23% year-on-year rise in core EBITDA to Rs 10,865 crore.
The performance was supported by large-scale project commissioning, strong plant operations, deployment of advanced renewable technologies, and expansion at high-resource sites in Khavda, Gujarat, and Rajasthan. During FY26, AGEL’s total operational renewable energy portfolio increased 35% year-on-year to 19.3 GW, reinforcing its progress toward the company’s long-term 50 GW target. The company’s operating assets are expected to power more than 8.7 million homes while helping avoid nearly 36 million tonnes of carbon emissions annually.
Sagar Adani, Executive Director, Adani Green Energy, said FY26 was a defining year for the company. He noted that the addition of 5.1 GW of greenfield capacity marked one of the largest annual renewable energy expansions globally outside China. He added that the milestone strengthens AGEL’s leadership in India’s clean energy sector and highlights its project execution capabilities.
He further said the company’s flagship Khavda project, recognised as the world’s largest renewable energy development, continued to advance at a rapid pace. On the energy storage front, AGEL installed 1,376 MWh of battery energy storage capacity at Khavda, among the world’s largest single-location deployments. The company is targeting more than 10,000 MWh of battery storage capacity by FY27.
AGEL also reported steady progress on its Pumped Hydro Storage Project in Andhra Pradesh, which is expected to support grid stability and strengthen long-term energy security. The company stated that its operations and maintenance systems use advanced analytics, machine learning and artificial intelligence to optimise plant performance. Through its centralised Energy Network Operation Center, AGEL monitors renewable assets nationwide in real time, improving plant availability and lowering operating costs.
As a result, the company delivered an industry-leading EBITDA margin of 91%. It also exceeded annual generation commitments under power purchase agreements, producing 106% of committed output during FY26. At Khavda, AGEL’s operational capacity has reached 9.4 GW across solar, wind and hybrid projects. Spread across 538 square kilometres, the development is nearly five times the size of Paris and is expected to become a global benchmark for ultra-large renewable energy infrastructure.
With localised supply chains, advanced engineering methods and technologies such as robotic solar module installation, AGEL remains on track to develop 30 GW of renewable capacity at Khavda by 2029. The latest results underscore Adani Green Energy’s continued momentum as India accelerates its transition toward sustainable and large-scale clean power generation.
