Adani Group strengthens commitment to sustainability

16 Sep 2024 , 02:07 PM

Adani Group announced on Monday that it will spend Rs 4,05,800 crore in renewable energy projects including solar, wind, and green hydrogen at the 4th Global Renewable Energy Investors Meet & Expo (RE-spend) 2024.

According to the Shapat Patras (pledges) presented at RE-INVEST to the Ministry of New & Renewable Energy, Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL) have committed to investing in renewable projects by 2030.

Adani Green Energy, India’s largest renewable energy firm, has committed to 50 GW of RE capacity by 2030 (current operating capacity is 11.2 GW).

Adani New Industries plans to build a 10 GW solar manufacturing plant, a 5 GW wind manufacturing plant, a 10 GW green hydrogen output (0.5 MMTPA for green hydrogen and 2.8 MMTPA for green ammonia), and a 5 GW electrolyser manufacturing facility.

The investment of Rs 4,05,800 crore will create work opportunities for 71,100 individuals.

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