Adani Group: At the 4th Global Renewable Energy Investors Meet & Expo (REInvest) 2024, the Adani Group announced a massive investment of ₹4.05 lakh crore to boost renewable energy projects across India. This investment will be directed towards the development of solar, wind, and green hydrogen sectors, marking a significant contribution to the nation’s clean energy goals.
Two of the group’s companies, Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL), made the commitment to the Ministry of New & Renewable Energy, solidifying their role in driving the country’s renewable energy transition.
Capacity Enhancement: AGEL Targets 50GW by 2030
AGEL, a leader in India’s renewable energy sector, aims to significantly expand its capacity, targeting 50GW by 2030, up from its current operational capacity of 11.2GW. This ambitious goal is part of AGEL’s broader commitment to advancing sustainable energy solutions and reducing carbon emissions.
Manufacturing Expansion: ANIL’s Green Hydrogen and Solar Plans
ANIL has laid out a comprehensive plan to establish major manufacturing facilities, including a 10GW solar manufacturing plant and a 5GW wind manufacturing unit. The company will also focus on producing green hydrogen, with an expected output of 0.5 million metric tonnes per annum (MMTPA), alongside 2.8 MMTPA of green ammonia. Additionally, ANIL will venture into electrolyser manufacturing, targeting a capacity of 5GW.
Job Creation: Over 70,000 Jobs to be Generated
The Adani Group’s investment is expected to create approximately 71,100 jobs, contributing significantly to both India’s renewable energy sector and the nation’s economic growth. This job creation underscores the Adani Group’s commitment not only to clean energy but also to providing employment opportunities in the evolving green energy landscape.
This investment places the Adani Group at the forefront of India’s renewable energy revolution, driving sustainability, capacity expansion, and job creation as key priorities for the future.
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