Informist, Wednesday, Sept. 17, 2025

 

By Anand JC and Pallavi Singhal

 

NEW DELHI – Solar power will remain Adani Green Energy Ltd.'s core focus as it inches towards its target of 50 gigawatt energy capacity by 2030 given its cost benefits, its Chief Executive Officer Ashish Khanna said on the sidelines of FT Energy Transition Summit India on Wednesday. "Solar is still the most cost effective solution, it is also the source which is an input power for all your (energy) storage," Khanna said responding to a query by Informist.

 

"I don't foresee solar going away, not only for us, but for anyone else. Even if you are going to enhance your capacities on storage, you need around 50-60% of that capacity in megawatt terms to be employed as solar. So your peak power of solar will always be required," Khanna said. 

 

The Adani group company had a capacity of 15.5 GW capacity as of June. Of this, solar energy counts for just over 11 GW capacity and wind accounts for 1,977 MW. "We have wind (capacity), especially from Khavda (in Gujarat) and other places, which is in the evening, unlike the rest of the world. So wind has its own sweet spot," Khanna said. 

 

Majority of Adani Green Energy's capacity plans are already accounted for through its power purchase agreements. "A majority of it (capacity) has already been tied up as a part of the PPAs (power purchase agreements). So we have to honour them, we are committed to it," Khanna said. 

Efforts of the Adani group entity in the renewable energy space are crucial to India's green energy ambitions. India has set a target of achieving a capacity of 500 GW by 2030 and to register net-zero emissions by 2070. India must look at this target as more of a marathon rather than a sprint, Khanna said.    

 

"I think we will be much better placed somewhere around the middle of the next decade to actually predict how close we are to 2070. And I am very confident that this 500 will come a year later or a year or two later," Khanna said. Contiuation of the momentum achieved by India in the renewable energy space in the last decade or so, in addition to fructification of green hydrogen plans, India can achieve its plans for 2070 ahead of the schedule, Khanna said.

 

Khanna was measured in India's ability to achieve these targets. "I think it's better that we first look at 2030, work on technologies which are cost effective for the balance," he said. Currently, India has achieved a lot of success in green energy in the transporation space, but must also focus on more critical areas such as powering of steel mills, Khanna said during the event. 

 

Addressing certain issues around renewable energy in India, Khanna highlighted challenges around power grid availability. "You also have to appreciate the fact that 70% of our renewable power is primarily coming from three states--Rajasthan, Gujarat, and Tamil Nadu," he said. However, these three states are not regions that seek the most power demand in India. Delhi-NCR, which sees a lot of power load, does not have "great" renewable energy capacity, Khanna said.

 

At 1451 IST, shares of the company traded at INR 979.90 on the National Stock Exchange, down 0.8%.  End

 

Edited by Akul Nishant Akhoury

 

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