Adani Green to Invest ₹15,000 Crore in Battery Storage Expansion
Adani Green to invest ₹15,000 cr to add 10 GWh battery storage in FY27
Business Standard
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Adani Green Energy Ltd will invest ₹15,000 crore (approximately $1.8 billion USD) to add over 10 gigawatt-hours (GWh) of battery storage capacity in the current financial year. This initiative aims to enhance reliable clean power supply amid India's energy transition, complementing its existing renewable energy projects in Khavda, Gujarat.
- 01Adani Green plans to invest ₹15,000 crore to enhance battery storage capacity.
- 02The new capacity will exceed 10 GWh, supporting clean energy reliability.
- 03Current projects include a renewable energy park in Khavda, Gujarat.
- 04AGEL aims to reach 50 GW of renewable energy capacity by FY30.
- 05Battery storage is crucial for managing peak energy demand and grid stability.
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Adani Green Energy Ltd (AGEL) has announced plans to invest ₹15,000 crore (approximately $1.8 billion USD) to add over 10 gigawatt-hours (GWh) of battery energy storage capacity during the current financial year. This investment is part of AGEL's strategy to deliver reliable and dispatchable clean power as India undergoes a significant energy transition. The new battery storage will complement AGEL's existing capacity, which is expected to reach 3 GWh shortly after the commissioning of 1.4 GWh in FY26. The batteries will be developed alongside renewable generation at Khavda in Gujarat, where AGEL is constructing what it claims to be the world's largest renewable energy park. AGEL currently operates 19.3 GW of renewable energy capacity, with a target of 50 GW by FY30, primarily from solar projects. The planned battery storage capacity will include 75% backed by long-term power purchase agreements, reflecting a shift in India's power sector focus towards grid stability and reliable energy supply. As the demand for renewable energy grows, AGEL's investment in battery storage positions it as a key player in ensuring dependable clean energy.
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This investment will enhance energy reliability for consumers and support India's transition to renewable energy, potentially stabilizing electricity prices and supply.
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