Adani Group to invest $75 billion to scale up AGEL RE portfolio to 45 GW: Gautam Adani

| | new delhi
  • 0

Adani Group to invest $75 billion to scale up AGEL RE portfolio to 45 GW: Gautam Adani

Thursday, 07 December 2023 | PTI | new delhi

Adani Group has plans to invest USD 75 billion on energy transition initiatives by 2030, its chairman Gautam Adani said on Wednesday.

The investments will boost the group’s vision to have 45 gigawatt of renewable energy capacity by 2030, Adani said in a statement.

“We are committed to largescale renewables, developing an indigenous fully integrated manufacturing ecosystem and green hydrogen solutions. At the Adani portfolio level, a total investment of USD 75 billion by 2030 on our energy transition initiatives will further our vision to have 45 GW renewable energy capacity by 2030 and strengthen the pivotal role played by AGEL in India’s glide path to decarbonization,” the group chairman said.

The investments will be executed through Adani Green Energy Limited (AGEL).

AGEL has emerged as the second-largest global solar PV developer in the US-based Mercom Capital Group’s latest annual global report.

“The company’s outstanding performance and contribution to the renewable energy landscape have earned it the prestigious second rank among the world’s foremost solar PV developers,” the statement said.

Sunday Edition

Astroturf | Reinvent yourself during Navaratra

14 April 2024 | Bharat Bhushan Padmadeo | Agenda


14 April 2024 | Biswajeet Banerjee | Agenda

Navratri | A Festival of Tradition, Innovation, and Wellness

14 April 2024 | Divya Bhatia | Agenda

Spiritual food

14 April 2024 | Pioneer | Agenda

Healthier shift in Navratri cuisine

14 April 2024 | Pioneer | Agenda


14 April 2024 | Shobori Ganguli | Agenda