Adani Green Energy adds subsidiaries, boosts capacity in strong H1 FY26

Adani Green Energy Limited (AGEL) announced the incorporation of five new wholly-owned step-down subsidiaries: Adani Hydro Energy Eleven Limited, Adani Hydro Energy Twelve Limited, Adani Hydro Energy Fifteen Limited, Adani Hydro Energy Fourteen Limited, and Adani Hydro Energy Seventeen Limited. These entities, with an authorized and paid-up capital of INR1,00,000 each, are incorporated in India and are yet to commence business operations, focusing on generating power from renewable sources.

The expansion aligns with AGEL’s robust operational update for H1 FY26, reporting a 49% year-on-year increase in operational capacity to 16.7 GW, with an additional 5.5 GW added over the last year. Greenfield capacity addition in H1 FY26 reached 2.4 GW, representing 74% of the annual capacity addition in FY25. Sale of energy surged by 39% year-on-year to 19,569 million units, driven by significant contributions from solar, wind, and hybrid portfolios.

AGEL’s solar portfolio achieved a CUF of 24.8% with 99.0% plant availability, while wind and hybrid portfolios reported CUF of 37.8% and 39.1% with 95.2% and 98.2% plant availability, respectively. The company also confirmed its commitment to PPA (Power Purchase Agreement) requirements, consistently delivering generation significantly above contracted levels, with 57% of annual commitment already met in H1 FY26 for its RG1 portfolio and 53% for RG2.