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Central Government/Public Sector | Gujarat - India | PID: 202745
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Adani Group will invest about Rs 2.3 trillion through 2030 in India's renewable energy expansion, including solar and wind manufacturing capacity addition to pursue its growth plans. Adani Green Energy (AGEL) will invest about Rs 1.5 trillion in expanding capacity to generate electricity from solar energy and wind power at Khavda in Kutch, Gujarat. It aims to reach 30 GW capacity and another Rs 50,000 crore in six to seven GW of similar projects elsewhere in the country.
Adani New Industries (ANIL), a unit in the group's flagship Adani Enterprises, will invest around Rs 30,000 crore towards augmenting solar cell and wind turbine manufacturing capacity at Mundra. Specifically, ANIL plans to expand its cell and module facility to 10 GW by 2026-27 from the current four GW. Besides solar manufacturing, ANIL is also doubling capacity to make windmills that generate electricity from wind, to five GW in three-and-a-half years.
AGEL, which currently has an operating portfolio of 10,934 MW (10.93 GW), is targeting 45 GW of RE capacity by 2030. 30 GW of this will come up at just one location at Khavda, and would comprise 26 GW of solar and 4 GW of wind capacity. Adani Group has a capital expenditure outlay of Rs 1.2 trillion for 2024-25 fiscal (April 2024 to March 2025).
AGEL's other project sites are in Rajasthan and Tamil Nadu. AGEL's existing operational portfolio comprises 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity.
| Updated on: 12 - Apr - 2024
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