Industrialist Gautam Adani led company has
planned to invest $75 billion in energy transition initiatives by 2030 with an
objective to have 45 gigawatts of renewable energy capacity by 2030.
“We are committed to large-scale
renewables, developing an indigenous fully integrated manufacturing ecosystem
and green hydrogen solutions. At the Adani portfolio level, a total investment
of US$ 75 billion by 2030 on our energy transition initiatives will further our
vision to have 45 GW renewable energy capacity by 2030 and strengthen the
pivotal role played by AGEL in Bharat’s glide path to decarbonisation,” group
chairman Gautam Adani.
Adani Green Energy Limited or AGEL, which
emerged as the second-largest global solar PV developer in the US-based Mercom
Capital Group’s latest annual global report, will execute the project.
Reacting the achievement, the chairman
stated, “The company’s outstanding performance and contribution to the
renewable energy landscape have earned it the prestigious second rank among the
world’s foremost solar PV developers.”
Amid 9.5 per cent rise in power demand of
Bharat in Financial Year 2022-23, the group wishes to fully tap the enormous scope
for renewable energy.
“As we implement significant sustainable
projects, we ensure that we uphold stakeholder confidence and continue on our
path towards sustainable growth. We aim to be in the top 10 companies of the
world in ESG benchmarking of the electric utility sector by FY 2024-25 and have
been acknowledged for leading the ESG rating by some of the esteemed rating
agencies,” the company stated.
AGEL has Bharat’s largest operating
renewable portfolio with 8.4 GW, which has expansion across 12 States,
offsetting over 41 million tonnes of CO2 emissions cumulatively.
NE Watch Desk
