Operational Performance Update

Adani Green Energy Q1 FY27 Operational Update: Capacity Crosses 20 GW as Energy Sales Rise 30% YoY

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Adani Green Energy Limited (AGEL) reported a strong provisional operational update for Q1 FY27, with operational renewable capacity increasing 27% year-on-year to 20,142 MW and energy sales rising 30% YoY. The company also significantly expanded its Battery Energy Storage System (BESS) footprint at Khavda, reinforcing its long-term renewable energy growth strategy.

PRICE-SENSITIVE TRIGGER

Event: Q1 FY27 Provisional Operational Update

Type: Operational / Sales Performance Update

Impact: Positive

Immediate Effect: Adani Green continued expanding its renewable energy platform with higher operating capacity, increased electricity generation, strong plant utilization metrics, and rapid battery storage deployment, indicating sustained execution of its growth pipeline.

Key Metrics:

Key Operational Metrics:

Operational Capacity: 20,142 MW, up 27% YoY
Greenfield Capacity Added (last 12 months): 4,327 MW
Capacity Added During Q1 FY27: 848 MW
Energy Sold: 13,657 million units, up 30% YoY
Installed BESS Capacity: 3,551 MWh
BESS Added During Quarter: 1,972 MWh
Solar CUF: 25.3%
Wind CUF: 44.4%
Hybrid CUF: 49.0%
Solar Plant Availability: 99.5%
Wind Plant Availability: 95.3%
Hybrid Plant Availability: 98.8%

Highlight:

Operational renewable capacity surpassed the 20 GW milestone, making AGEL India’s first renewable energy company to achieve this scale. d846ce58-91ba-4332-a519-71657bee2307.pdf

What Happened ?

Adani Green Energy released its provisional operational update for Q1 FY27, highlighting continued expansion across renewable generation and battery energy storage assets.

During the quarter, the company increased its operational renewable energy capacity to 20,142 MW, driven primarily by new projects commissioned at Khavda, Gujarat. Strong capacity additions translated into a 30% increase in energy sales, supported by healthy plant availability and robust capacity utilization across solar, wind and hybrid assets. The update also reflects AGEL’s continued investment in grid-scale battery storage infrastructure to support renewable integration.

key details

Capacity Expansion:

Operational capacity reached 20,142 MW.
Added 848 MW during Q1 FY27.
Greenfield additions over the past year totaled 4,327 MW.
Solar additions included 3,051 MW.
Wind additions totaled 684 MW.
Hybrid additions totaled 592 MW.
Most new projects were commissioned at Khavda, Gujarat

Note:

Continued project execution supports AGEL’s long-term target of achieving 50 GW renewable capacity by 2030.

Battery Energy Storage Expansion:

Operationalized 1,972 MWh of BESS during Q1 FY27.
Total installed BESS capacity increased to 3,551 MWh.
Deployment took place at the Khavda renewable energy project.
The installation represents one of the world’s largest single-location battery deployments.

Operational Performance:

Energy sales increased 30% YoY to 13,657 million units.
Higher generation was supported by expanded renewable capacity.
Solar assets maintained 99.5% availability.
Hybrid assets recorded the strongest utilization with 49.0% CUF.
Wind assets delivered 44.4% CUF despite seasonal variability.

ESG & Sustainability Achievements:

Achieved sector-leading ESG Risk Rating score of 77.
Retained the highest CRISIL ESG score in the Indian power sector for the fifth consecutive year.
Improved ESG score from 66 to 69.
Maintained 100% Net Water Positive operational portfolio.
Received the Reuters Energy Industry Awards 2026 for Clean Power Generation.
Won the Golden Peacock Award 2026 for sustainability and ESG excellence.
Ranked among the Top 10 global companies across seven leading ESG rating agencies.

Risk Analysis

Summary:

The operational update reflects strong execution; however, future performance remains dependent on timely project commissioning, transmission infrastructure availability, weather conditions and continued policy support for renewable energy.

Key Risks:

Renewable generation remains subject to seasonal resource variability.
Large-scale capacity additions require continued execution without construction delays.
Grid evacuation infrastructure must expand alongside renewable capacity.
Battery storage projects involve significant capital investment and execution risk.

Worst Case:

Any slowdown in commissioning, transmission bottlenecks or lower-than-expected renewable generation could delay capacity utilization and moderate operational growth.

Risk Level: Medium

Company Commentary

Operational capacity increased 27% YoY to 20,142 MW.
Energy sales grew 30% YoY during Q1 FY27.
Battery storage deployment expanded significantly at Khavda.
Operational portfolio now has the potential to power more than 9 million homes annually.
Current renewable assets help avoid approximately 37 million tonnes of CO₂ emissions each year.
The company continues progressing toward its long-term 50 GW renewable capacity objective.

Official Exchange Filing: Adani Green Energy Limited

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