Adani Green Energy Limited reported a robust performance for FY26, marked by a 34% year-on-year increase in energy sales to 37.6 billion units. The company added 5.1 gigawatts of capacity during the year, reaching a cumulative operating portfolio of 19.3 gigawatts. Financial results remained strong with a 22% revenue growth to INR 11,602 crore and an EBITDA margin of 91.2%, driven by massive infrastructure developments like the Khavda renewable project.
Financial and Operational Highlights
During FY26, Adani Green Energy achieved significant operational milestones, solidifying its position in India’s renewable sector. The company’s EBITDA grew by 23% to INR 10,865 crore. A major capital management achievement was the assignment of an inaugural BBB+ credit rating by a Japanese agency, aligning the company with India’s sovereign credit rating and demonstrating strong fiscal discipline.
Strategic Infrastructure Progress
The landmark Khavda project remains central to growth, with 9.4 gigawatts of wind, solar, and hybrid assets now operational. The company has also expanded its storage capabilities, adding 1.4 gigawatt hours of battery capacity at the Khavda site. Adani Green aims to ramp up its battery storage significantly, targeting over 10 gigawatt hours of battery capacity in the coming year to act as a hedge against grid curtailment and transmission constraints.
Future Growth and Market Strategy
Looking ahead, Adani Green is committed to a target of 50 gigawatts by 2030. The company plans to continue its current trajectory of greenfield capacity additions while maintaining its focus on long-term Power Purchase Agreements (PPAs) for over 90% of its portfolio. While FY26 faced temporary EBITDA impacts due to grid curtailment—estimated at INR 1,300 to 1,500 crore—the company expects these issues to alleviate as transmission infrastructure and storage solutions are deployed.
Integrated Energy Solutions
Adani Green is working closely with group entity Adani Energy Solutions Limited to provide comprehensive energy solutions to C&I customers. By utilizing an arm’s length market-driven pricing model, the company ensures that its capacity additions align with high-demand sectors like data centers. The company maintains a strong pipeline, with 28 gigawatts of capacity already signed, ensuring continued momentum in the transition to renewable energy.
Source: BSE
