Adani Group's Rs 4.05 Lakh Crore Pledge for Renewable Energy at RE-INVEST 2024
Key Ideas
  • Adani Group commits to investing Rs 4,05,800 crore in renewable energy projects including solar, wind, and Green Hydrogen 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, wind manufacturing, Green Hydrogen output, and electrolyser manufacturing, creating job opportunities for 71,100 people.
  • The investment by Adani Group is a significant step towards enhancing India's renewable energy sector and promoting sustainability.
At the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024 in Gandhinagar, India, the Adani Group announced a massive investment pledge of Rs 4,05,800 crore in renewable energy projects. This investment will focus on solar, wind, and Green Hydrogen initiatives. Adani Green Energy, India's largest renewable energy company, committed to achieving 50 GW of renewable energy capacity by 2030, with the current operational capacity standing at 11.2 GW. Adani New Industries disclosed plans to establish various manufacturing facilities including a 10 GW solar manufacturing plant, 5 GW wind manufacturing plant, 10 GW Green Hydrogen production (including 0.5 MMTPA of Green Hydrogen and 2.8 MMTPA of Green Ammonia), and 5 GW of electrolyser manufacturing. Additionally, this investment is anticipated to create job opportunities for 71,100 individuals. The pledge made by the Adani Group at RE-INVEST 2024 signifies a significant commitment towards advancing India's renewable energy sector, fostering job creation, and promoting sustainable practices.
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