Adani, Reliance among others to invest in renewable power
POWER & RENEWABLE ENERGY

Adani, Reliance among others to invest in renewable power

Reliance Industries, Adani, Tata, and JSW will make an aggregate investment of nearly Rs 4 lakh crore in 5-10 years in the renewable power segment. The business houses are at various stages of discussions to borrow massively for their greenfield solar and wind projects, acquisitions, and building manufacturing facilities. In addition, they look for strategic investments to meet their funding requirements.

In a bid to become the largest renewable power generating company in the world by 2030, the Adani Group looks to invest over Rs 1.5 lakh crore in the renewable energy space over the next decade. It will be in addition to its plan to invest $50 billion in green hydrogen manufacturing, along with the French joint venture partner Total.

N Chandrasekaran, chairman of Tata Group, said at the annual general meeting of Tata Power that they will invest Rs 75,000 crore in the next five years to create renewable capacities. Tata Power already floated a new company, Tata Power Renewable Energy Ltd, for building the portfolio and it received an investment commitment of Rs 4,000 crore from the BlackRock Real Assets-led consortium, which includes Mubadala Investment Company also.

Mukesh Ambani plans to invest Rs 75,000 crore by 2024 to build end-to-end solar power generation facilities. He wants to build four 'Giga' factories in Jamnagar to make solar photovoltaic cells, green hydrogen, batteries, and fuel cells at an investment of Rs 60,000 crore. These manufacturing units will power his dreams to build 100GW of solar energy generation capacity.

Reliance Industries, through its subsidiary Reliance New Energy Solar, will invest an additional Rs 15,000 crore in the value chain, partnerships, and future technologies, including upstream and downstream industries. Saudi Aramco, which called off the Rs 1 lakh crore investment in Reliance Oil to Chemicals (O2C) last year, has been exploring investment options in Reliance New Energy Solar Ltd.

Sajjan Jindal’s JSW Energy Ltd has laid out a Rs 75,000 crore plan for its renewable campaign. The company will add about 15.4 gigawatts of solar, wind, and hydropower capacities by March 2030, according to its 2022 annual report. The power producer aims to become carbon neutral by 2050.

Reliance Industries, Adani, Tata, and JSW will make an aggregate investment of nearly Rs 4 lakh crore in 5-10 years in the renewable power segment. The business houses are at various stages of discussions to borrow massively for their greenfield solar and wind projects, acquisitions, and building manufacturing facilities. In addition, they look for strategic investments to meet their funding requirements. In a bid to become the largest renewable power generating company in the world by 2030, the Adani Group looks to invest over Rs 1.5 lakh crore in the renewable energy space over the next decade. It will be in addition to its plan to invest $50 billion in green hydrogen manufacturing, along with the French joint venture partner Total. N Chandrasekaran, chairman of Tata Group, said at the annual general meeting of Tata Power that they will invest Rs 75,000 crore in the next five years to create renewable capacities. Tata Power already floated a new company, Tata Power Renewable Energy Ltd, for building the portfolio and it received an investment commitment of Rs 4,000 crore from the BlackRock Real Assets-led consortium, which includes Mubadala Investment Company also. Mukesh Ambani plans to invest Rs 75,000 crore by 2024 to build end-to-end solar power generation facilities. He wants to build four 'Giga' factories in Jamnagar to make solar photovoltaic cells, green hydrogen, batteries, and fuel cells at an investment of Rs 60,000 crore. These manufacturing units will power his dreams to build 100GW of solar energy generation capacity. Reliance Industries, through its subsidiary Reliance New Energy Solar, will invest an additional Rs 15,000 crore in the value chain, partnerships, and future technologies, including upstream and downstream industries. Saudi Aramco, which called off the Rs 1 lakh crore investment in Reliance Oil to Chemicals (O2C) last year, has been exploring investment options in Reliance New Energy Solar Ltd. Sajjan Jindal’s JSW Energy Ltd has laid out a Rs 75,000 crore plan for its renewable campaign. The company will add about 15.4 gigawatts of solar, wind, and hydropower capacities by March 2030, according to its 2022 annual report. The power producer aims to become carbon neutral by 2050.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code