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Adani Group to invest USD 35 billion in renewable energy over five years

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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…

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Adani Group to supply 6,500 MW of power to MSEDCL

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Adani Power and Adani Renewable Energy Fifty Five, subsidiaries of the Adani Group, have entered into agreements to supply a combined 6,500 MW of power to the Maharashtra State Electricity Distribution Company Limited (MSEDCL).  Adani Power has signed a 25-year Power Supply Agreement (PSA) to provide the state with approximately 1,500 MW of thermal power. Concurrently, Adani Renewable Energy Fifty Five, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has entered into a Power…

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Kenya suspends deal between KETRACO and Adani Group

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Kenya’s high court has suspended a $736 million agreement between state-owned Kenya Electrical Transmission Company (KETRACO) and Adani Group’s Adani Energy Solutions to develop and operate power infrastructure, including transmission lines.  The suspension follows a legal challenge by the Law Society of Kenya, which has criticized the agreement as “a constitutional sham” and “shrouded in secrecy.” The Law Society claims that KETRACO and Adani Energy Solutions did not fulfill public participation requirements, a mandate under…

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Adani Group signs pact for key electricity transmission lines in Kenya

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Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by AESL. The Kenyan government will…

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Adani Group plans 10 GW of overseas hydroelectric projects

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Adani Group is planning to develop 10 gigawatts (GW) of hydroelectric projects overseas in the coming years as part of its strategy to reach net zero carbon emissions by 2050. The conglomerate, led by billionaire Gautam Adani, is exploring projects in countries like Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, according to sources familiar with the plans. The group is particularly interested in regions with favourable topography and growing demand for hydropower. The move…

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Adani Group joins Utilities for Net Zero Alliance

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Adani Group companies Adani Green Energy Limited (AGEL) and Adani Energy Solutions Limited (AESL) have become the first Indian firms in the renewable energy and transmission & distribution (T&D) sectors, respectively, to join the Utilities for Net Zero Alliance (UNEZA). The alliance, under the guidance of the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions, aims to promote renewable energy grids and clean energy solutions globally. Both AGEL and AESL aim…