Adani Group's Monumental ₹4.05 Lakh Crore Pledge to Renewable Energy at RE-INVEST 2024
Key Ideas
- Adani Group commits a massive ₹4.05 lakh crore investment in solar, wind, and Green Hydrogen projects at RE-INVEST 2024.
- Adani Green Energy aims for 50 GW RE capacity by 2030, with current operational capacity at 11.2 GW.
- Adani New Industries plans to establish a solar manufacturing plant of 10 GW, among other significant renewable energy initiatives.
- This investment is expected to create job opportunities for 71,100 individuals in the renewable energy sector.
At the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024, the Adani Group announced a monumental commitment of ₹4,05,800 crore towards renewable energy projects, encompassing solar, wind, and Green Hydrogen. The pledges submitted by Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL) involve extensive investment commitments in renewable projects to be realized by 2030. Adani Green Energy, identified as India's largest renewable energy company, has set a target of 50 GW renewable energy capacity by 2030, showcasing significant growth from its current operational capacity of 11.2 GW. Additionally, Adani New Industries plans to establish a 10 GW solar manufacturing plant, 5 GW wind manufacturing facility, 10 GW Green Hydrogen output (including 0.5 MMTPA of Green Hydrogen and 2.8 MMTPA of Green Ammonia), and 5 GW electrolyser manufacturing capacity. This substantial investment of ₹4,05,800 crore is not only aimed at driving renewable energy growth but also holds the potential to generate employment opportunities for 71,100 individuals within the renewable energy sector.
Topics
Investing
Renewable Energy
Investment
Job Creation
Manufacturing
Solar
Renewable Energy Projects
Wind
Adani Group
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