Adani Wind Secures 304 MW Domestic Order, Targets Overseas Expansion

Adani Wind, the wind turbine manufacturing arm of Adani New Industries., has secured fresh orders totalling 304 MW from independent power producers in India. The contracts will see the company’s 3.3 MW turbines installed across four sites in Gujarat and Tamil Nadu.

The new orders come as India works towards its renewable energy target of 500 GW by 2030, with wind power expected to contribute 100 GW. According to news reports, the orders include 165 MW from Fourth Partner Energy, and 69.3 MW each from First Energy and Opera Energy.

While Adani did not disclose the contract value, industry estimates peg turbine costs at about Rs 60 million per MW, valuing the orders at around Rs 18.2 billion. Chief Executive Officer Milind Kulkarni said the contracts highlight growing confidence in Adani’s turbine technology.

Founded in 2016, Adani Wind is targeting deliveries of 1.25 GW to external customers by March 2026. The company recently shipped its first set of blades to Germany and is exploring opportunities in Australia, Brazil, Vietnam, the Philippines and other Southeast Asian markets.

India currently has 18 GW of wind turbine manufacturing capacity across 14 companies, led by Suzlon Energy, GE India Industrial and Siemens Gamesa Renewable Power. Globally, China’s Goldwind remains the largest supplier.

Alongside its turbine business, the Adani Group is expanding renewable generation through Adani Green Energy Ltd., which is developing the 30 GW Khavda renewable energy park in Gujarat — the largest such project in the world.

“The latest orders reinforce Adani Wind’s growing position in India while setting the stage for our international expansion,” said Milind Kulkarni. “Our focus is on supporting India’s clean energy ambitions and establishing Adani Wind as a global supplier at a time when demand for wind power is accelerating worldwide.”

News source: Angel One

Related Stories