Adani Green Energy H1FY26 Update: Capacity Increases 49% YoY to 16.7 GW; Shares Up Nearly 2%

Ahmedabad, 16th October 2025 – Adani Green Energy Limited (NSE: ADANIGREEN) shares rose close to 2% to ₹1,064.10 in morning trade on Thursday after releasing its H1 FY26 provisional operational update. The report reflected a significant year-on-year growth in renewable capacity and energy generation, reinforcing the leadership of the company in India’s green transition.

Strong Operational Performance

Adani Green’s operating renewable capacity increased 49% YoY to 16,680 MW in H1 FY26 from 11,184 MW in H1 FY25. During the period, the company added 2,437 MW of greenfield capacity — close to a tenfold increase compared to 250 MW added in the previous year.

Energy sales also recorded a strong 39% increase, reaching 19,569 million units from 14,128 million units in the last year. The capacity utilization factors (CUF) were 24.8% for solar, 37.8% for wind, and 39.1% for hybrid assets, indicating better operational efficiency.

Plant availability was robust across segments – 99.0% for solar, 95.2% for wind, and 98.2% for hybrid plants — highlighting the company’s better asset management and maintenance culture.

Segment Expansion Across States

H1 FY26 saw Adani Green commission 4.2 GW of solar projects, comprised of 2.9 GW in Khavda (Gujarat), 1.05 GW in Rajasthan, and 250 MW in Andhra Pradesh. Also commissioned were 491 MW of wind and 805 MW of hybrid capacities, mostly at the Khavda location.

Capacity additions played an important role in the growth of the overall energy sales and placed the company in a position to reach its FY26 goals prematurely.

PPA Fulfillment and Digital Operations

The organization surpassed 57% of its half-yearly FY26 Power Purchase Agreement (PPA) generation target in the first half of FY26 — a reflection of its operational prowess. Its Ahmedabad-based Energy Network Operations Center (ENOC) is still leading the way in increasing efficiency through AI-driven predictive monitoring and real-time analytics in 12 states.

This digital spine allows Adani Green to drive maximum uptime, simplify maintenance, and minimize energy output variation across its diversified portfolio.

Awards and Industry Recognition

Adani Green has received several awards for its excellence in the renewable space. It was rated 1st in India and 7th globally by Sustainalytics among renewable energy companies. The company also won the ‘Energy Transition Company of the Year’ and ‘Energy Company of the Year – Renewables’ categories at the ET Energy Leadership Awards 2025, and the ‘Best Wind Project’ award from MNRE at the Mercom Renewables Summit 2025.

Future Outlook and Growth Strategy

Looking ahead, AGEL aims to expand its operational capacity from 16.7 GW to 50 GW by FY30, focusing on solar, wind, and pumped-storage assets across Gujarat, Rajasthan, Maharashtra, and Andhra Pradesh. The company continues to maintain a robust financial profile, with an EBITDA margin of 91.7% and an investment-grade green bond framework supported by its restricted groups RG1 and RG2.

Stock Snapshot

As of 10:25 AM IST on October 16, the stock is trading at ₹1,059.50, up ₹15.70 or 1.50% compared to the last reported close of ₹1,043.80. The 52-week high and low for the company were ₹1,783.90 and ₹758.00, respectively, with a market capitalization of ₹1.72 lakh crore and a P/E ratio of 81.91.

Adani Green’s steady capacity addition, operational performance, and firm delivery of PPA obligations have enhanced investor confidence, driving the stock higher during Thursday’s trading session.

REF: https://nsearchives.nseindia.com/corporate/ADANIGREEN_15102025193201_Letter.pdf

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