India’s Adani Group plans to invest over USD 100 billion (EUR 93.1 billion) in energy transition and the expansion of its integrated renewable energy value chain over the next decade. Gautam Adani, the chairman of Adani Group, announced this ambitious goal at a Crisil event, as reported by local media.

The Group is already constructing the world’s largest single-site renewable energy park in Gujarat, a 30-GW project set to increase Adani’s total renewable energy capacity to 50 GW by 2030. This substantial investment aligns with India’s broader goal of reaching 500 GW of renewable capacity by 2030, a target that requires the country to invest over USD 150 billion annually.

Adani highlighted the Group’s current involvement in manufacturing key components for green energy generation, including solar modules, wind turbines, and electrolysers for green hydrogen production. This comprehensive approach underscores Adani’s commitment to building a robust renewable energy value chain.

In addition to expanding its renewable energy portfolio, Adani Group is focused on supporting India’s energy transition goals. The chairman emphasized the importance of such investments in achieving significant milestones in renewable energy capacity, which are crucial for India’s sustainable future.

Source: Renewables Now