In this paper, an adaptive centralized energy management algorithm is developed for an islanded bipolar DC microgrid (BDCMG). The proposed microgrid consists of a solar photovoltaic (SPV) system, a wind energy conversion system (WECS), and a battery energy storage system (BESS). The SPV and WECS are operated in maximum power point tracking mode to extract maximum power. The adaptive control algorithm focus on power sharing at a bipolar DC bus based on variations in wind speed, solar irradiance, battery state of charge (SoC), and load. Furthermore, this algorithm maintains voltage balance and voltage regulation on a bipolar DC bus without the use of a communication link and provides effective energy management through coordinated control of renewable energy sources and BESS. The efficacy of the proposed bipolar DC microgrid is simulated and validated on a lab scale prototype to verify its feasibility, and it is observed that the results are found to be satisfactory.