The Adani Group is embarking on an investment journey amounting to approximately ₹2.3 lakh crore by 2030, marking a significant stride in India’s renewable energy sector.
Spearheaded by Adani Green Energy Ltd, the nation’s largest renewable energy company, the endeavour will see an infusion of about ₹1.5 lakh crore to substantially expand its solar energy and wind power generation capacity in Khavda, Gujarat’s Kutch district, from 2 GW to 30 GW. An additional investment of ₹50,000 crore is earmarked for 6-7 GW of similar projects across various regions of India.
Adani New Industries Ltd (ANIL), a subsidiary of Adani Enterprises Ltd, is investing close to ₹30,000 crore to enhance its manufacturing capabilities for solar cells and wind turbines in Mundra, Gujarat. Adani Green Energy Limited’s (AGEL’s) overarching goal is to attain a renewable energy capacity of 45 GW by 2030, with Khavda alone accounting for 30 GW, thus positioning it as the world’s largest renewable energy project.
To meet the burgeoning demand in the domestic and export markets, ANIL plans to upscale its cell and module manufacturing facility in Mundra to ten GW by 2026-27 from its current capacity of four GW.
As reported by Swarajya, the initiatives underscore Adani Group’s commitment to aligning with India’s ambitious targets of generating 500 GW of electricity from non-fossil sources by 2030 and achieving net-zero emissions by 2070.
The Khavda project, sprawling across 538 square kilometers, is anticipated to yield an impressive 81 billion units of electricity at peak capacity, a volume substantial enough to power entire nations such as Belgium, Chile, and Switzerland. AGEL’s portfolio also extends to project sites in Rajasthan and Tamil Nadu.
