Adani investing Rs 2.3trn in green energy
Earmarks Rs1.5 lakh cr for expanding capacity at Khavda in Gujaratto 30GW from 2GW
Khavda, spread over 538 sqkm, which is the equivalent of 5x the area that the city of Paris does, will at peak generate 81 bn units that can power entire nations such as Belgium, Chile and Switzerland
Khavda/Ahmedabad (Gujarat): Adani Group will invest about Rs2.3 lakh crore through 2030 in India’s most ambitious renewable energy (RE) expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India’s largest renewable energy company, will invest about Rs1.5 lakh crore in expanding capacity to generate electricity from solar energy and wind power at Khavda in Gujarat’s Kutch to 30 gigawatts from 2 GW currently and another Rs50,000 crore in 6-7GW of similar projects elsewhere in the country, a top company official said.
Adani New Industries Ltd (ANIL), a unit in the group’s flagship Adani Enterprises Ltd, will invest close to Rs30,000 crore in expanding solar cell and wind turbine manufacturing capacity at Mundra in Gujarat.
AGEL, which currently has an operating portfolio of 10,934 megawatts (10.93 GW), is targeting 45 GW of renewable energy capacity by 2030. 30 GW of this will come up at just one location at Khavda - the world’s largest renewable energy project.
