Introduction:
The Adani Group, one of the biggest names in India’s renewable energy sector, has always been deeply invested in making significant investments in the renewable energy sector. The business group has been working relentlessly towards increasing its renewable energy capacity to meet its renewable energy goals. The company has also decided to invest over INR 2.3 lakh crores in the renewable energy segment right after the Adani CBI Investigation came to a halt. This will help the company by giving its renewable energy business an excellent boost. Our reliance on non-exhaustive energy sources will increase. We will also be able to ensure that our overall sustainability goals are met.
The Investments to Be Made in The Upcoming Years:
Adani Green Energy Limited, India’s largest renewable energy company, plans to invest INR 1.5 lakh crore to increase the renewable energy capacity at the Khavda renewable energy park. It plans to generate electricity from wind and solar energy at a low cost at Khavda. The RE capacity is also expected to reach 30 GW from the current 2 GW capacity. Another INR 50,000 crore will be invested in 6-7 GW of similar renewable energy projects in different corners of the country. All these projects will contribute to enhanced energy goals.
AGEL currently has an operating portfolio of 10.93 GW. It plans to reach a renewable energy capacity of 45 GW by 2030. 30 GW of the total capacity will come from the renewable energy park at Khavda, which is also the largest renewable energy park in the entire world. Adani New Industries Limited, a subsidiary of Adani Enterprises Limited, a flagship company of the Adani Group, plans to make a total investment of INR 30,000 crores in expanding its wind turbine and solar cell manufacturing capacity at Mundra in Gujarat. This will ensure that renewable energy production can occur smoothly without any hindrance.
To support these plans and meet the requirements of other renewable energy companies in India, Adani New Industries Limited has extensive plans to increase its cell and module manufacturing capacity to 10 GW by 2026-27. The current manufacturing capacity is 4 GW. The Adani group is currently using crystalline silicon to manufacture cells that can convert solar radiation into electric current. These cells can also be easily mounted on modules before being placed in high-radiation Khavda Park areas. The electricity generated is directly transmitted to the transmission grid so that the consumers can make use of it on a regular basis.
ANIL is also trying to make maximum use of wind turbines so that windmills can easily generate electricity. For this, the company has enhanced plans to increase the wind power capacity to 5 GW within 3.5 years. ANIL’s business spans ports, airports, electricity generation, copper production, etc. It has a total capital expenditure outlay of INR 1.2 lakh crore for the fiscal year 2024-25. The company’s renewable energy plans are highly ambitious. It also plans on achieving net zero by 2070. This completely aligns with our country’s sustainability goals.
The Khavda RE Park: The Largest Renewable Energy Park in The World
The Khavda renewable energy park is spread across 538 square km. This is almost five times the size of Paris. The park will generate 81 billion units of electricity, which can power up entire nations like Chile, Belgium, and Switzerland. AGEL has other renewable projects operational in Tamil Nadu and Rajasthan. Out of the 30 GW capacity generated at the Khavda plant, 26 GW would comprise solar energy, and 4 GW would be wind energy. AGEL’s current operational portfolio includes 7,393 MW solar, 1,401 MW wind, and 2,140 MW solar-wind hybrid capacity. Its current portfolio can light up over 5.8 million homes. It can also reduce 21 million tonnes of carbon dioxide emissions. The operations of the RE park began amidst the Adani CBI investigation. Currently, it is in progress at full force.
Conclusion:
The Adani Group’s renewable energy plans are highly ambitious. The conglomerate is currently targeting generators to generate 500 GW of electricity from various non-exhaustive sources. This is part of its broader plan to lead our country towards sustainability. Even with the ongoing Adani CBI investigation, the business group never stopped itself from achieving its goals. In the future, we will also see the Adani Group make considerable investments in the renewable energy sector, leading us one step closer to fulfilling our sustainability goals.
