08 April 2024 – As it brushes aside a short-seller onslaught to continue its signature quick development ambitions, Adani Group will spend around Rs 2.3 lakh crore through 2030 on India’s most ambitious renewable energy expansion and addition of solar and wind manufacturing capacity ever.
The largest renewable energy company in India, Adani Green Energy, plans to invest roughly Rs 1.5 lakh crore to increase the capacity of solar and wind power generation at Khavda in Kutch, Gujarat, from 2 GW to 30 GW and another Rs 50,000 crore to fund 6-7 GW of similar projects across the nation, according to a top company official.
With 10,934 megawatts (10.93 GW) of operational portfolio at present, AGEL aims to achieve 45 GW of renewable energy capacity by 2030.
Conclusion
“We have just now commissioned 2,000 MW (2 GW) of capacity at Khavda and plan to add 4 GW in the current fiscal (financial year ending March 2025) and 5 GW every year after that,” said Vneet S Jaain, Managing Director of Jain, who is also a director on the board of ANIL, said that ANIL intends to expand its cell and module production plant at Mundra to 10 GW by 2026–2027 from the existing 4 GW in order to support these objectives as well as fulfil needs of other domestic renewable companies and the export market.
