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Adani Green Q2 Review — ICICI Securities Maintains 'Buy' On Multiple Growth Factors; Sees 16% Upside
Given the solar capacity and land availability to install BESS, Adani Green would be well placed compared to peers, adds the brokerage.
30 Oct 2025, 11:14 AM IST 
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Adani Green Energy has locked-in portfolio of >34GW with estimated Ebitda potential of Rs 226 billion and plans to operationalise 50GW by 2030, including 5GW PSP capacity.
(Photo Source: Adani Green Energy)
Adani Green has commissioned ~0.9GW of capacity in Q2 FY26 (0.4GW/0.03GW/0.4GW solar/wind/hybrid), taking the commissioning in H1 FY26 to 2.4GW. It remains on track to meet its target of commissioning 5GW capacity in FY26.
