Adani Wind targets 2.5 GW capacity, eye on exports too

Mumbai: Adani Wind, the wind energy division of Adani New Industries (ANIL), is targeting a capacity of 2.5 GW this fiscal, of which demand for 1.5 GW will come from Adani Green Energy and the rest from other renewable energy power producers in the country, said sources aware of the development.

Adani Wind is also eyeing the export market for growth and has set up a research centre in Germany to focus on the European wind energy market. Adani Wind opened a research centre in Rostock, Germany, last fiscal year. It acquired Windnovation, a funds-crunched German company and onboarded its manpower to lead the research centre.

"Adani Wind's focus is on the domestic market, and the company is gaining good traction with the independent power producers (IPPs). But it also plans to focus on the export market," said an official aware of the development.

Adani Wind is in discussions with many IPPs in Germany as its turbine is suitable for repowering. Germany now has several repowering projects.

Adani Wind's capacity has been expanded to 2.25 GW from 1.5 GW over the past year. The Ebitda of the wind turbines segment in the March quarter was at Rs 274 crore, said Adani Enterprises in its fourth quarter earnings on May 1.

Adani Enterprises, the group flagship, hosts several new business streams. Over the past five years, the company has invested up to ₹2000 crore in setting up 5 GW capacity.