Adani Green Energy Ltd (AGEL), India’s largest and fastest-growing pure-play renewable energy (RE) company, reported revenue from power supply of INR 11,602 crore in FY 2026, marking a 22% year-on-year increase. EBITDA from power supply rose 23% YoY to INR 10,865 crore—almost twice the annual EBITDA for FY23. Cash profit grew 11% YoY to INR 5,399 crore.
AGEL attributed strong revenue and EBITDA growth primarily to robust greenfield capacity addition of 5.1 GW in FY26, deployment of advanced RE technologies, strong plant performance and commissioning of new capacities in resource-rich sites in Khavda, Gujarat, and Rajasthan.
Cumulative operational capacity increased 35% YoY to 19.3 GW as of March 31, 2026, driven by greenfield addition of 5.1 GW in FY 2026. The greenfield addition includes 3,412 MW solar power plants (2,974 MW in Khavda, Gujarat, and 438 MW in Rajasthan), 683 MW of wind capacity in Khavda, and 956 MW hybrid power plants, also in Khavda.
The company also operationalized a battery energy storage system (BESS) capacity of 1,376 MWh in Khavda—one of the world’s largest single-location deployments.
Sale of energy increased by 34% YoY to 37,567 million units in FY26, equivalent to Denmark’s annual electricity consumption.
“FY26 was a landmark year in Adani Green’s history. The company on the back of robust project and operational excellence, commissioned 5.1 GW of greenfield capacity, thereby reaching 19.3 GW of total operational capacity. It is the highest greenfield annual capacity expansion globally by any company (outside China). This milestone not only consolidates our leadership position in India’s renewable energy sector but also puts us in a different orbit of execution excellence,” said Sagar Adani, executive director, Adani Green Energy. “Our flagship Khavda project, the world’s largest renewable energy plant, continues to make significant progress. On the battery storage side, we installed 1.4 GWh of capacity in FY26, which is one of the world’s largest single-location BESS deployment and will complement our contract mix to take us closer to building a resilient and future-ready energy ecosystem. Our pumped hydro storage project (PSP) in Andhra Pradesh is also progressing well.”
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