Adani Group is gearing up to pour a whopping $75 billion into energy transition projects by 2030, according to Gautam Adani, the chairman. This massive investment is set to elevate the group's renewable energy capacity to 45 gigawatts within the next decade.
Adani expressed the group's commitment to large-scale renewable energy projects, emphasizing the development of a self-sufficient manufacturing system and solutions involving green hydrogen. The chairman highlighted that this substantial investment, slated for energy transition endeavors, aims to bolster their vision for renewable energy and solidify Adani Green Energy Limited (AGEL)'s pivotal role in India's journey towards decarbonization.
The entirety of this substantial investment will be channeled through Adani Green Energy Limited, the company through which AGEL operates.
AGEL's impressive strides in the renewable energy domain have earned it recognition as the second-largest global solar photovoltaic (PV) developer, as per the latest annual report by the US-based Mercom Capital Group.
The statement from Adani Group highlighted AGEL's current operational portfolio, which stands at 8.4 gigawatts, making it the largest in India, spread across 12 different states. This substantial portfolio has successfully offset more than 41 million tonnes of CO2 emissions cumulatively.