In a bold strategic move, highlighting its steadfastness and ambitious growth agenda, the Adani Group, under the stewardship of its renewable energy arm, Adani Green Energy Ltd (AGEL), has unveiled an extensive investment blueprint amounting to approximately Rs 2.3 lakh crore by the year 2030. This investment initiative is poised to significantly enhance India’s renewable energy infrastructure, representing the country’s most substantial expansion in this sector to date.
AGEL, positioned as a leading renewable energy player in India, is slated to earmark around Rs 1.5 lakh crore to ramp up its solar and wind power generation capacity in Khavda, Gujarat, from the current 2 gigawatts (GW) to an impressive 30 GW. This transformative endeavor is set to elevate Khavda into the epicenter of the world’s largest renewable energy project, covering an area five times the size of Paris and boasting the capacity to generate 81 billion units of electricity, sufficient to power nations like Belgium, Chile, and Switzerland.
Expanding its reach further, AGEL will also allocate Rs 50,000 crore to develop an additional 6-7 GW of renewable projects across various regions in India. Vneet S Jaain, the Managing Director of AGEL, has outlined plans to commission 4 GW of capacity in the fiscal year ending March 2025, with an annual addition of 5 GW thereafter. In tandem with these initiatives, Adani New Industries Ltd (ANIL), a subsidiary of the conglomerate, has announced plans to invest nearly Rs 30,000 crore to bolster its solar cell and wind turbine manufacturing capacities in Mundra, Gujarat.
This substantial expansion is not only geared towards meeting domestic needs but also towards capturing a larger share of the global market. These ambitious projects in renewable energy are in line with India’s national objectives of achieving 500 GW of non-fossil fuel-based electricity generation by 2030 and attaining net-zero emissions by 2070.
The Adani Group is a multinational conglomerate headquartered in Ahmedabad, India. Established in 1988, the group has grown to become one of India’s largest business entities, with interests in sectors such as infrastructure, power, energy, logistics, agribusiness, and defense. With a strong focus on sustainability and innovation, the Adani Group has expanded its footprint globally, operating in multiple countries including Australia, Indonesia, and the United States.
