Adani Group plans to add 5 GW green energy per year for next decade
POWER & RENEWABLE ENERGY

Adani Group plans to add 5 GW green energy per year for next decade

Gautam Adani, Chairman of Adani Group, in a letter to shareholders, said that the company is aligning with India’s aim of becoming the world’s biggest player in renewable energy.

The organisation has also set a target for itself to become the biggest solar power generator in the world.

Gautam Adani told the media that a significant part of the Adani Group's future investments will focus on sustainable and renewable energy.

The Chairman wrote that Adani Group would make notable investments in sustainable and renewable energy, adding that it has managed to defeat its own target of 25 GW power generation four years before scheduled, owing to its takeover of Softbank-owned SB Energy.

In January, the group said that it strives to become the world's largest solar power generator by 2025 and later the largest renewable power company all over the globe by 2030.

Adani Group acquired the world’s largest solar tender when Solar Energy Corporation of India (SECI) gave it an 8 GW contract through a bidding process in the second quarter of 2020. In Q3 2020, Mercom said that the company became the world’s largest solar power developer.

Adani said that the company rose from the 6th position in 2019 to the 1st position in 2020 in only nine months.

Since January 2020, the value of the group's renewables business has increased over 600 times, producing one of the best returns all over stock markets. In May 2021, the group procured Softbank’s and Bharti’s 5 GW portfolio of renewable assets, allowing Adani Group to leapfrog and get to their aim of 25 GW a full four years before the schedule, Adani said. This is what templatisation means to them, and it provides them with the confidence to expand quickly over different adjacent sectors, he further added.

Image Source


Also read: JSW Energy plans to add 2,600 MW RE capacity by 2023

Also read: Clean Energy Partnership: US, India set up hydrogen task force

Gautam Adani, Chairman of Adani Group, in a letter to shareholders, said that the company is aligning with India’s aim of becoming the world’s biggest player in renewable energy. The organisation has also set a target for itself to become the biggest solar power generator in the world. Gautam Adani told the media that a significant part of the Adani Group's future investments will focus on sustainable and renewable energy. The Chairman wrote that Adani Group would make notable investments in sustainable and renewable energy, adding that it has managed to defeat its own target of 25 GW power generation four years before scheduled, owing to its takeover of Softbank-owned SB Energy. In January, the group said that it strives to become the world's largest solar power generator by 2025 and later the largest renewable power company all over the globe by 2030. Adani Group acquired the world’s largest solar tender when Solar Energy Corporation of India (SECI) gave it an 8 GW contract through a bidding process in the second quarter of 2020. In Q3 2020, Mercom said that the company became the world’s largest solar power developer. Adani said that the company rose from the 6th position in 2019 to the 1st position in 2020 in only nine months. Since January 2020, the value of the group's renewables business has increased over 600 times, producing one of the best returns all over stock markets. In May 2021, the group procured Softbank’s and Bharti’s 5 GW portfolio of renewable assets, allowing Adani Group to leapfrog and get to their aim of 25 GW a full four years before the schedule, Adani said. This is what templatisation means to them, and it provides them with the confidence to expand quickly over different adjacent sectors, he further added. Image Source Also read: JSW Energy plans to add 2,600 MW RE capacity by 2023 Also read: Clean Energy Partnership: US, India set up hydrogen task force

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?