Adani Green inks captive hybrid power deal for 20.8 MW at Khavda
- Özcan Berk Atakan
- Jan 12
- 1 min read
Adani Green Energy has taken another step in expanding its hybrid renewable portfolio by signing a 20.8 MW captive hybrid power agreement at the Khavda renewable energy hub in India’s Gujarat state.
The agreement was executed through a wholly owned subsidiary and will supply solar and wind-based hybrid power to Asahi India Glass, one of India’s leading glass manufacturers. The project will be located within the Khavda Renewable Energy Park, one of the world’s largest renewable energy developments.
Under the captive structure, the industrial offtaker will hold the required equity stake in the project, enabling direct access to clean electricity while complying with India’s captive power regulations. The hybrid configuration—combining solar and wind generation—allows for more stable power output and improved utilization compared to single-technology projects.
For energy-intensive industries such as glass manufacturing, captive hybrid projects offer long-term visibility on power costs, reduced exposure to grid price volatility, and measurable progress toward decarbonisation targets. For Adani Green, the deal reinforces its strategy of scaling corporate renewable supply alongside utility-scale projects.
The Khavda hub continues to emerge as a cornerstone of India’s renewable transition, hosting large-scale solar, wind, and hybrid assets designed to support both grid supply and private industrial demand.
