Adani Green Energy Ltd is set to make a substantial investment of approximately Rs 2 lakh crore by 2030 to enhance its renewable energy capacities. The company aims to increase its total renewable energy portfolio to about 45 GW by 2030 from the current 10.9 GW.
According to an ET report, the major expansion is planned at Khavda in Gujarat‘s Kutch district, where the capacity will be boosted to 30 GW from the existing 2GW.A company official revealed that out of the total investment plan, around Rs 50,000 crore is allocated for capacities beyond Khavda, amounting to approximately 6-7 GW.
Adani Green’s current total capacity includes 7,393 MW of solar, 1,401 MW of wind, and 2,140 MW of wind-solar hybrid.
At the Khavda project, which is the world’s largest renewable energy park, the capacity is expected to reach 6 GW by the end of this fiscal year, says Adani Green’s managing director Vneet Jaain. “There are power purchase agreements for power from Khavda for Adani Green and there is a huge captive requirement of renewable power by group companies which Khavda can provide,” he was quoted as saying.
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Adani Green, with a market capitalisation exceeding Rs 3 lakh crore, is making strides in the renewable energy sector. Adani New Industries Ltd, a subsidiary of Adani Enterprises Ltd, is gearing up to invest over Rs 30,000 crore by 2030 to expand its capacity in manufacturing solar and wind energy equipment. The company aims to achieve 5 GW of wind turbine manufacturing capacity by FY27 from the current 1.5 GW.
Additionally, Adani New Industries plans to add 10 GW capacity in solar modules manufacturing in the next three and a half years. Jaain emphasized that Adani Green’s sourcing of solar panels and modules from Adani New Industries is managed separately and does not directly impact the generation unit.
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He mentioned that for certain renewable energy capacity projects, there are no restrictions on models and manufacturers, allowing sourcing from anywhere. However, in cases where restrictions apply, the company will comply with sourcing modules locally if foreign companies are not allowed in the future.
According to an ET report, the major expansion is planned at Khavda in Gujarat‘s Kutch district, where the capacity will be boosted to 30 GW from the existing 2GW.A company official revealed that out of the total investment plan, around Rs 50,000 crore is allocated for capacities beyond Khavda, amounting to approximately 6-7 GW.
Adani Green’s current total capacity includes 7,393 MW of solar, 1,401 MW of wind, and 2,140 MW of wind-solar hybrid.
At the Khavda project, which is the world’s largest renewable energy park, the capacity is expected to reach 6 GW by the end of this fiscal year, says Adani Green’s managing director Vneet Jaain. “There are power purchase agreements for power from Khavda for Adani Green and there is a huge captive requirement of renewable power by group companies which Khavda can provide,” he was quoted as saying.
Also Read | Significant milestone! Gautam Adani says Adani Green is now India’s first “das hazari” in renewable energy space
Adani Green, with a market capitalisation exceeding Rs 3 lakh crore, is making strides in the renewable energy sector. Adani New Industries Ltd, a subsidiary of Adani Enterprises Ltd, is gearing up to invest over Rs 30,000 crore by 2030 to expand its capacity in manufacturing solar and wind energy equipment. The company aims to achieve 5 GW of wind turbine manufacturing capacity by FY27 from the current 1.5 GW.
Additionally, Adani New Industries plans to add 10 GW capacity in solar modules manufacturing in the next three and a half years. Jaain emphasized that Adani Green’s sourcing of solar panels and modules from Adani New Industries is managed separately and does not directly impact the generation unit.
Also Read | ‘It’s not real money…’: What Zerodha’s Nikhil Kamath has to say about Bengaluru’s tech companies driven paper wealth
He mentioned that for certain renewable energy capacity projects, there are no restrictions on models and manufacturers, allowing sourcing from anywhere. However, in cases where restrictions apply, the company will comply with sourcing modules locally if foreign companies are not allowed in the future.