Adani Green’s New Project Pipeline: A Target of 30 GW by 2030

Adani Green Energy Limited (AGEL), the renewable energy subsidiary of the Adani Group, is setting a new benchmark in the renewable energy sector with its ambitious expansion plans. AEGL has announced a mammoth investment of around Rs.41,400 Cr to enhance and upgrade  the solar and wind power capacities at its flagship renewable energy park in Gujarat by 2026, all in line to establish the world’s largest renewable energy plant, boasting 30 gigawatts (GW) of capacity by 2030, AGEL had recently surpassed a 10 GW operating portfolio, India’s first company in the renewables space to cross that benchmark.

AGEL has planned out many projects to boost its reach and achieve its goal so let’s look at these projects;

Khavda Project

The flagship project in Khavda is currently at a capacity of 2,000 MW, with plans to expand to 11 GW in the next two years. This expansion is part of the 2030 vision, making it the largest single-location renewable energy plant in the world. The total investment for the Khavda project is around Rs.1.5 Lakh Cr. Internal accruals, equity, loans, ECBs and bonds are helping AGEL to finance this project. They have plans to deploy 4 GW by FY25 and set up a minimum of 5 GW every following year.

After completion of this project an area comparable to the size of Mumbai or five times that of Paris would covered.

ANIL

Along with the renewable expansion, the Adani group is also building a renewable energy manufacturing ecosystem through Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises Limited (AEL). Located in Mundra, Gujarat, this ecosystem spans wind, solar, electrolyser, and allied equipment manufacturing,

ANIL aims to reach a manufacturing capacity of at least 5 GW for wind and 10 GW for solar. The company plans to invest over Rs.30,000 Cr to expand these capacities, catering to both domestic and export markets.

Conclusion: With Khavda and ANIL, AGEL is at the forefront of India’s renewable energy revolution. With substantial investments and strategic expansions, they are poised to play a pivotal role not only in reaching our net-zero carbon goals by 2047 but also in driving the nation towards a greener and more sustainable future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.