Adani Group to invest USD 35 billion in renewable energy over five years
Author: PPD Team Date: November 21, 2024
Author: PPD Team Date: November 21, 2024
The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India.
The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition.
Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s largest greenfield renewable energy developments, highlighting the Group’s commitment to sustainability.
A key project in this initiative is the 30,000-MW renewable energy plant at Khavda, Gujarat, which represents a significant milestone in meeting India’s growing energy needs.
He emphasized that achieving global energy benchmarks requires an additional 1,500 GW to match China’s capacity and 2,500–3,000 GW to align with developed nations.
While 85 per cent of the Adani Group’s efforts remain focused on sustainable energy, including wind, solar, and hybrid projects, the Group continues to invest in traditional energy sources, such as coal, to ensure energy security for India.
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