Adani Green may invest Rs 42,000 crore in FY27

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, ET BureauLast Updated: Apr 27, 2026, 06:04:00 AM IST

Synopsis

Adani Green Energy Limited plans a substantial investment of around ₹42,000 crore in FY27. This will add nearly 5 GW of clean energy capacity. The company achieved the highest annual greenfield renewable capacity addition globally outside China in FY26. AGEL's total operational portfolio now stands at 19.3 GW. The company is also increasing investments in energy storage solutions.

Mumbai: Adani Green Energy Limited (AGEL) plans to invest around ₹42,000 crore in capital expenditure in FY27 to add nearly 5 GW of clean energy capacity, Executive Director Sagar Adani said at the company's latest earnings call.

In FY26, the company added over 5 GW of greenfield renewable capacity, the highest annual addition globally by any company outside China, it said. This has taken AGEL's total operational portfolio to 19.3 GW, reinforcing its leadership in India's renewable energy sector.

The management indicated that the company retains the capability and financial flexibility to scale up to 7-8 GW annually. However, it is moderating the pace of additions to better align with transmission infrastructure and grid availability. AGEL reiterated that its long-term target of reaching 50 GW capacity by 2030 remains intact.

The company's Khavda renewable energy project in Gujarat, which has around 9.4 GW of operational wind, solar, and hybrid capacity, continues to drive its growth.

Alongside generation, the company is stepping up investments in energy storage, including Battery Energy Storage Systems (BESS) and pumped storage projects (PSPs) to enhance reliability and address renewable intermittency.

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