Adani Group's Ambitious Renewable Energy Pledge at RE-INVEST 2024
Key Ideas
- Adani Group commits ₹4.05 lakh crore for renewable energy projects including solar, wind, and Green Hydrogen at RE-INVEST 2024.
- Adani Green Energy pledges 50 GW RE capacity by 2030, aiming to increase from the current 11.2 GW operational capacity.
- Adani New Industries plans to establish solar and wind manufacturing plants, Green Hydrogen production, and electrolyser manufacturing, creating job opportunities for 71,100 individuals.
- The investment reflects a significant step towards achieving India's renewable energy goals and promoting sustainability in the sector.
The Adani Group has made a remarkable commitment at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024 by pledging ₹4.05 lakh crore towards renewable energy projects. This investment will focus on projects related to solar, wind, and Green Hydrogen. Adani Green Energy Ltd (AGEL) has set a target of achieving 50 GW of RE capacity by 2030, a substantial increase from its current operational capacity of 11.2 GW. Additionally, Adani New Industries Ltd (ANIL) plans to establish various manufacturing facilities including a 10 GW solar manufacturing plant, a 5 GW wind manufacturing plant, 10 GW of Green Hydrogen output, and 5 GW of electrolyser manufacturing. These initiatives are expected to create job opportunities for 71,100 people. The Adani Group's investment signifies a positive step towards supporting India's renewable energy ambitions and promoting sustainability in the sector.