The Free Press Journal

Adani to invest `2.3L cr in RE, manufactur­ing capacity

Adani Group will invest about Rs 2.3 lakh crore through 2030 in India's most ambitious renewable energy expansion and solar and wind manufactur­ing capacity addition ever as it shrugs off a shortselle­r attack to pursue its trademark rapid growth plans.

Adani Green Energy Ltd, India's largest renewable energy company, will invest about Rs 1.5 lakh crore in expanding capacity to generate electricit­y from solar energy and wind power at Khavda in Gujarat's Kutch to 30 gigawatts from 2 GW currently and another Rs 50,000 crore in 6-7 GW of similar projects elsewhere in the country, a top company official said.

Adani New Industries Ltd (ANIL), a unit in the group's flagship Adani Enterprise­s Ltd, will invest close to Rs 30,000 crore in expanding solar cell and wind turbine manufactur­ing capacity at Mundra in Gujarat.

AGEL, which currently has an operating portfolio of 10,934 megawatts (10.93 GW), is targeting 45 GW of renewable energy capacity by 2030. 30 GW of this will

AGEL, which currently has an operating portfolio of 10,934 megawatts (10.93 GW), is targeting 45 GW of RE capacity by 2030

come up at just one location at Khavda - the world's largest renewable energy project.

"We have just now commission­ed 2,000 MW (2 GW) of capacity at Khavda and plan to add 4 GW in the current fiscal and 5 GW every year thereafter," said Vneet S Jaain, MD, AGEL.

To support these plans as well as meet requiremen­ts of other domestic renewable players and export market, ANIL plans to expand its cell and module manufactur­ing facility at Mundra to 10 GW by 2026-27 from current 4 GW, Jaain said.