Adani Green plans ₹40,000 cr investment in BESS by FY27
after close1 source ↓written by the desknot a recommendation
- at the Khavda
- 7 GWh
- a capex
- ₹25,000–₹40,000 cr
- of storage capacity
- 3.5 GWh
Adani Green Energy Ltd aims to expand its Battery Energy Storage Systems (BESS) capacity to over 7 GWh at the Khavda renewable energy park in Gujarat by FY27, with a capex of ₹25,000–₹40,000 cr. The company will commission 3.5 GWh of storage capacity by March 2024, addressing power evacuation constraints from the region. This strategic move is expected to enhance operational flexibility and mitigate power curtailment issues.
• 3.5 GWh capacity to be online by March 2024
• Strategic priority due to grid delays
• Largest battery storage project in India
Immediate implications may include increased investor interest in renewable energy stocks.
Not investment advice. For informational purposes only.