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Adani Green Confirms 7 GWh BESS Target and ₹40,000 Crore Capex Plan for FY27
Adani Green Energy Limited (AGEL) has clarified media reports, confirming its ambitious target to deploy 7 GWh of Battery Energy Storage Systems (BESS) in Gujarat. The company is planning a massive capital expenditure of up to ₹40,000 crore for the financial year 2027 to drive this growth. AGEL intends to more than double its BESS capacity in the subsequent financial year compared to current levels. This expansion is part of its strategy to lead large-scale renewable energy storage implementation in India.
Key Highlights
Targeting 7 GWh Battery Energy Storage Systems (BESS) capacity in Gujarat
Planned capital expenditure (capex) of up to ₹40,000 crore for FY27
Intends to more than double (2x) BESS capacities in the subsequent financial year
On track to deploy one of the world's largest single-location BESS projects in the coming months
💼 Action for Investors
Investors should view this as a strong growth signal, though they should monitor the company's debt levels and funding strategy for the ₹40,000 crore capex. The focus on BESS is a critical competitive advantage in the renewable energy sector.