Adani Green to invest $3 billion in backward integration, says Vneet Jaain

16 Oct 2023 , 10:10 AM

Adani Green Energy, one of India’s leading renewable energy firms, is increasing its capacity for solar and wind power. According to Vneet Jaain, managing director of Adani Green Energy and director of Adani New Industries, the company expects to invest $3 billion in backward integration to support its plan to more than double its present solar production capacity.

The company is now at 4 GW capacity and wants to reach 10 GW by 2027. It plans to invest $3 billion in capacity expansion over the next 5-7 years and will do it by backward integrating its operations through the electronic manufacturing cluster at Mundra, which spans 700 acres.

In Khavda, Gujarat, the business is constructing the world’s largest hybrid renewable energy park, with 20 GW of solar and wind combined capacity that will be online in the next five years. Overall, Adani Green is the largest in the country, with an operational capacity of over 8,000 MW.

We would add around 3.5 GW this year, and 5 or 6 GW the next year. This is the finest location in the country for both solar and wind resources. It has not been simple to create this space and accomplish anything of this size. Khavda has piqued our interest, said Vneet Jaain.

 

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