Buoyed by the rapid execution of its flagship Khavda renewable energy park in Gujarat, Adani Green Energy Ltd is evaluating multiple “very, very large” renewable energy sites across India as it looks to replicate the project’s scale in the next phase of its expansion.
“We are seriously evaluating many large sites. We are working on it. Khavda experience has been phenomenally good for us and has given us the confidence of executing and operationalizing these large projects,” the company’s management told investors after announcing its first-quarter FY27 results. The management said the company is evaluating sites with some of the country’s best solar irradiation levels. “We are working on large sites that have irradiation levels that are as good as it can possibly be in this country,” it said, adding that the focus is on developing “very, very large sites.”
The confidence stems from the execution of the Khavda renewable energy park in Gujarat’s Kutch district, where Adani Green is developing what it describes as the world’s largest renewable energy project. Spread over 538 sq km—nearly five times the size of Paris—the project is planned to have 30 GW of renewable energy capacity by 2029.
The company’s operational portfolio at Khavda has already crossed 10.3 GW, up from 5.6 GW a year ago. During the first quarter, Adani Green also commissioned 1,972 MWh of battery energy storage system (BESS) capacity at the site, taking the total installed BESS capacity to 3,551 MWh, making it one of the world’s largest single-location battery storage deployments.
The comments came on a day when Adani Green reported a 19 per cent year-on-year increase in consolidated profit at ₹983 crore in the first quarter of FY27, that was driven by capacity additions and higher energy sales.
The company’s total income during the quarter rose 16 per cent year-on-year to ₹4,663 crore, while revenue from power supply increased 29 per cent to ₹4,280 crore. Energy sales grew 30 per cent year-on-year to 13,657 million units, supported by fresh capacity additions and strong operational performance.
Adani Green Energy’s operational renewable energy capacity expanded 27 per cent year-on-year to 20.1 GW in Q1 FY27, compared with 15.8 GW in the same period last year. The company added 4,327 MW of greenfield capacity during the year, including 3,051 MW of solar capacity, 684 MW of wind capacity and 592 MW of solar-wind hybrid capacity. The company reported a 33 per cent year-on-year increase in EBITDA from power supply at ₹4,122 crore during the quarter, with the EBITDA margin improving to 94 per cent. Cash profit rose 28 per cent to ₹2,225 crore.
A significant part of the capacity addition came from Gujarat’s Khavda renewable energy park, where Adani Green Energy is developing the world’s largest renewable energy project. Adani Green Energy said it remains on track to add 5GW of renewable energy capacity and more than 10,000 MWh of battery energy storage capacity by FY27. The company is targeting 50 GW of renewable energy capacity, including storage capacity, by 2030.
The shares of Adani Green Energy Ltd ended 4.48 percent lower at ₹1,472.85 on the BSE on Wednesday
Published on July 22, 2026
