Adani Green: Rooftop solar won't hurt utility-scale growth

India had about 30 GW of installed rooftop solar capacity as of June 2026, accounting for nearly 18.5% of the country's total solar capacity of 162 GW. The share of rooftop solar in the national solar fleet rose from about 14.5% in 2023-24 to 16% in 2024-25, driven by the PM Surya Ghar Muft Bijli Yojana and other programmes.

Adani Green has been expanding its energy storage portfolio. The company commissioned 1.9 GWh of battery energy storage in the June quarter, taking its operational battery capacity to 3.5 GWh. It targets crossing 10 GWh by the end of FY27 and scaling to 50 GWh by 2030. Battery storage will balance India's growing renewable generation by storing surplus solar power during the day and supplying electricity during evening peak hours, when demand and market prices are higher, the management said.

The company is also preparing to commission its maiden 500 MW pumped storage project at Chitravathi in Andhra Pradesh during the current financial year. That project will strengthen its portfolio of dispatchable renewable assets.

Khanna's assessment comes as India's overall electricity demand continues to rise on economic growth, increasing electrification, air-conditioning use and the emergence of power-intensive sectors such as data centres, electric mobility and green hydrogen. For utility-scale developers, the challenge is shifting from adding renewable capacity to supplying reliable, round-the-clock clean power. Adani Green believes that opportunity will support continued investments in large renewable parks alongside distributed solar.