Adani Green Energy Ltd is poised for a significant expansion in its renewable energy capacity, with a planned investment of approximately ₹2 lakh crore by 2030. This ambitious initiative aims to increase the company’s total renewable energy portfolio from the current 10.9 GW to about 45 GW, with a substantial portion of this growth centered in Khavda, Gujarat’s Kutch district.
Strategic Investments and Expansion Plans
The planned expansion at Khavda is particularly notable. Here, the capacity is set to rise to 30 GW from just 2 GW currently. Beyond Khavda, Adani Green is allocating around ₹50,000 crore for additional capacities totaling 6-7 GW in other locations, according to a company official.
Currently, Adani Green’s operational capacity includes 7,393 MW of solar, 1,401 MW of wind, and 2,140 MW of wind-solar hybrid. The managing director of Adani Green, Vneet Jaain, highlighted the strategic importance of the Khavda project, which is touted as the world’s largest renewable energy park. By the end of this fiscal year, the project’s capacity is expected to reach 6 GW.
Jaain also mentioned that there are power purchase agreements in place for electricity from Khavda, not only for Adani Green but also to meet the substantial captive renewable power needs of other Adani Group companies.
Manufacturing and Supply Chain Developments
Further bolstering its renewable push, Adani New Industries Ltd, a subsidiary of Adani Enterprises Ltd involved in manufacturing solar and wind energy equipment, plans to invest over ₹30,000 crore by 2030 to augment its production capabilities. This expansion includes scaling up to 5 GW of wind turbine manufacturing capacity by FY27, up from 1.5 GW currently, and adding 10 GW of solar modules manufacturing capacity within the next three and a half years.
While addressing the sourcing of solar panels and modules, Jaain clarified that Adani New Industries operates independently of the group’s generation unit. However, he noted that where restrictions on approved models and manufacturers apply, Adani Green, like other companies, would source modules locally if foreign companies are excluded in the future.
Market Position and Prospects
With a market capitalization exceeding ₹3 lakh crore, Adani Green is strategically positioning itself to lead in the renewable energy sector not just in India, but globally. This investment is a clear signal of the Adani Group’s commitment to supporting India’s energy transition and enhancing sustainable energy solutions. The move is expected to not only contribute significantly to meeting India’s renewable energy targets but also to stimulate economic growth and create thousands of jobs across the sector.
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