Adani Green Bets on Battery Storage to Lift Earnings and Power Sales
Adani Green plans to expand battery storage to 50 GWh over five years to cut curtailment and strengthen earnings, according to Moody's report.
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what happened
According to Moody's, Adani Green Energy is increasing investment in energy storage to make better use of its renewable generation and reduce losses caused by grid congestion. The company has set a target of 50 GWh of battery capacity over the next five years.
According to company disclosures for October 2026, its Khavda project in Gujarat had 6.63 GWh of operational battery storage, more than half of India's operating battery capacity. Adani Green aims to exceed 10 GWh in fiscal 2026–27. The 30 GW Khavda renewable project covers 538 square kilometres.
In its second-quarter FY27 results discussion, EBITDA stood at Rs 8,276 crore. Management said the figure could have approached Rs 9,000 crore without curtailment.
why it matters
Analysts note that storage is becoming central to renewable economics, but returns depend on battery costs, utilisation, financing and grid infrastructure. For investors, revenue growth will depend not only on generation but also on large capital spending.
market impact
Adani Green: storage can reduce curtailment losses, but requires heavy capital spending.
tags
instruments
sources
- Adani Green Bets On Battery Storage To Boost Earnings And Power Sales — Moody's, 29 October 2026 at 06:02 UTC
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