22-Oct-2026 13:07:50
ADANI GREEN ENERGY Q2 CONCALL : 10+ GWH BATTERY STORAGE TARGET, ₹2.4 LAKH CR CAPEX PLAN & 5 GW CAPACITY EXPANSION
• FY27 BATTERY STORAGE CAPACITY TARGETED ABOVE 10 GWH VS CURRENT 6.6 GWH • FY27 RENEWABLE CAPACITY ADDITION TARGET OF 4.5–5 GW MAINTAINED, SUBJECT TO TRANSMISSION READINESS • ₹2.4 LAKH CR CAPEX PLAN THROUGH FY30 REAFFIRMED • 500 MW CHITRAVATHI PUMPED STORAGE PROJECT TARGETED FOR COMMISSIONING BY FY27-END • KHAVDA PHASE 3 TRANSMISSION CORRIDOR OF 7 GW NOW EXPECTED IN Q4 FY27 • ANOTHER 7 GW TRANSMISSION CORRIDOR FACES POTENTIAL DELAYS • BATTERY STORAGE EXPANSION EXPECTED TO REDUCE POWER CURTAILMENT & SUPPORT PEAK-HOUR SUPPLY • APPROXIMATELY 3.5 GWH BATTERY CAPACITY ALREADY CONTRACTED; REMAINING CAPACITY UNDER DISCUSSION • MANAGEMENT PRIORITIZING 25-YEAR POWER PURCHASE AGREEMENTS FOR LONG-TERM REVENUE VISIBILITY • NEW PROJECT INVESTMENTS TARGETING 13–14% EBITDA-BASED RETURN ON ASSETS • WIND POWER CONTRACTED AT APPROXIMATELY ₹3.93/UNIT FOR 25 YEARS • BORROWING COSTS EXPECTED TO BENEFIT FROM CREDIT-RATING IMPROVEMENTS & HIGHER OPERATIONAL CAPACITY • AAA CREDIT RATING AT A PROJECT SUBSIDIARY COULD REDUCE BORROWING COSTS BY 20–25 BPS • TRANSMISSION DELAYS, POWER CURTAILMENT & PROJECT EXECUTION REMAIN KEY RISKS
ADANI GREEN ENERGY LTD