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.
Author: PPD Team Date: January 17, 2025 JSW Energy Limited, through its wholly owned subsidiary, has commenced operations of Unit-2 (350 MW) at the Utkal thermal power plant in Odisha. Both units, with a combined capacity of 700 MW, were restored and made fully operational within two years of acquisition. The plant operates on domestic coal but does not currently have long-term power purchase agreements.
Author: PPD Team Date: January 22, 2025 Lords Mark Industries Private Limited has secured a contract from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to develop 100 MW grid-connected rooftop solar power plants on government buildings. The project will follow the Renewable Energy Service Company (RESCO) model. In July 2024, Lords Mark had won 50 MW of base capacity at a tariff of Rs 4.9 per kWh. In December 2023, UPNEDA invited…
Author: PPD Team Date: November 26, 2024 National Grid Renewables has signed a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project in St. Clair County, Illinois. Construction is slated to start in 2025, expanding the company’s solar capacity in Illinois to 350 MW, including the Prairie Wolf solar project in Coles County. The Bee Hollow project is expected to generate $34 million in economic…
Author: PPD Team Date: November 25, 2024 KEC International Ltd. has won orders worth Rs 11.14 billion. These include: Transmission & Distribution (T&D): Orders include a 400 kV transmission line project in Oman and supply of towers, hardware, and poles in the Americas. Cables: Orders for various cables were secured for supply in both domestic and international markets. Civil: Orders were secured in the industrial segment in India, diversifying the business’s customer base. Railways: The…
Author: PPD Team Date: December 24, 2024 Power Grid Corporation of India Limited (PGCIL) and Adani Energy Solutions Ltd have emerged as qualified bidders for the Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 scheme). REC Power Development and Consultancy Limited (REC PDCL) is the bid process coordinator (BPC) for selecting a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process. The project’s special purpose…
Author: PPD Team Date: November 21, 2024 The State Electricity Commission (SEC) has announced plans to construct the SEC Renewable Energy Park – Horsham, one of Australia’s first 100 per cent publicly owned utility-scale renewable energy projects. The solar and storage facility aims to supply affordable and reliable renewable energy to power approximately 51,000 homes annually, supporting the transition to a clean energy grid. The project, built in partnership with OX2, will be developed in…