By Sethuraman N R
(Reuters) – India’s Adani Green Energy plans to spend 310 billion rupees ($3.64 billion) in capital expenditure to add 5 gigawatts of clean energy in the current fiscal year, CEO Ashish Khanna said on Tuesday.
The capacity addition target is over 50% higher than last year.
“We have a comprehensive capital management framework to fully fund our growth up to 50 GW by 2030, while maintaining a strict credit discipline,” Khanna said in a call with analysts.
Adani Green, which has about 14.2 GW of a clean energy portfolio, is building an energy park in western Gujarat state. The park is planned to be five times the size of Paris on completion and will produce 50 gigawatts, or roughly a tenth of India’s clean energy goals, by 2030.
The company said its fiscal 2026 capex is fully funded from a debt and equity perspective, is confident of its equity funding to build 50 GW of clean energy projects, and is constantly reviewing the tenure of its debt.
Adani Green’s clean energy additions come as U.S. authorities have indicted founder Gautam Adani and top Adani Green executives over alleged securities fraud and a $265-million bribery scheme for securing power contracts.
The Adani Group has denied the charges, calling them “baseless,” and on Monday, Adani Green said its independent review of the indictment did not identify any non-compliance or irregularities.
CEO Khanna said on Tuesday that the allegations are against the individuals and not the company.
“From the Department of Justice standpoint, while the allegations are there… we should be seeing the positive results on it too from the individual standpoint,” Khanna said.
($1 = 85.1380 Indian rupees)
(Reporting by Sethuraman NR; Editing by Leroy Leo)
