Adani Group's Massive Investment Pledge in Renewable Energy and Hydrogen Initiatives
Key Ideas
  • Adani Group commits ₹4.05 lakh crore to solar, wind, and green hydrogen projects at REInvest 2024.
  • AGEL aims to increase renewable energy capacity to 50GW by 2030 from the current 11.2GW.
  • ANIL plans to establish solar and wind manufacturing plants and produce 10GW of green hydrogen.
  • The investment is expected to create around 71,100 job opportunities, showcasing the group's dedication to sustainable energy and economic development.
The Adani Group has made a significant commitment of ₹4.05 lakh crore in renewable energy ventures, focusing on solar, wind, and green hydrogen initiatives. The investment announcement was delivered at the 4th Global Renewable Energy Investors Meet & Expo (REInvest) 2024. Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL), part of the conglomerate, shared this financial pledge with the Ministry of New & Renewable Energy. AGEL, a prominent player in India's renewable energy sector, is aiming to enhance its renewable energy capacity to 50GW by 2030, a substantial increase from its current 11.2GW capacity. This target aligns with the company's dedication to sustainable and clean energy solutions. ANIL, on the other hand, has laid out plans to establish a 10GW solar manufacturing plant, a 5GW wind manufacturing facility, and to produce 10GW of green hydrogen, which includes green ammonia and hydrogen production. The company is also venturing into electrolyser manufacturing with a target capacity of 5GW. The massive investment by Adani Group is not only set to boost renewable energy projects but is also expected to generate over 70,000 job opportunities, showcasing the organization's commitment to both sustainable energy solutions and economic growth.
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