Adani Group Pledges ₹4.05 Lakh Cr for Renewable Energy
Sep 16, 2024 13:18
Adani Group has pledged ₹4.05 lakh crore investment in renewable energy projects, including solar, wind, and green hydrogen, at the RE-INVEST 2024 event.
Photograph: Toru Hanai/Reuters
Gandhinagar, Sep 16 (PTI) Adani Group on Monday said it has pledged Rs 4,05,800 crore investment in renewable energy projects like solar, wind and Green Hydrogen at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024.
According to the Shapat Patras (pledges) submitted at RE-INVEST to the Ministry of New & Renewable Energy, the group firms -- Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL), have made investment commitments in renewable projects by 2030.
Adani Green Energy, India's largest renewable energy company, has committed 50 GW RE capacity by 2030 (currently at 11.2 GW operational capacity).
Adani New Industries will set up a solar manufacturing plant of 10 GW, wind manufacturing of 5 GW, Green Hydrogen output of 10 GW (Green Hydrogen: 0.5 MMTPA, Green Amonia 2.8 MMTPA) and electrolyser manufacturing of 5 GW.
The investment Rs 4,05,800 crore will have job creation potential for 71,100 people.
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