+
Adani Group plans to add 5 GW green energy per year for next decade
POWER & RENEWABLE ENERGY

Adani Group plans to add 5 GW green energy per year for next decade

Gautam Adani, Chairman of Adani Group, in a letter to shareholders, said that the company is aligning with India’s aim of becoming the world’s biggest player in renewable energy.

The organisation has also set a target for itself to become the biggest solar power generator in the world.

Gautam Adani told the media that a significant part of the Adani Group's future investments will focus on sustainable and renewable energy.

The Chairman wrote that Adani Group would make notable investments in sustainable and renewable energy, adding that it has managed to defeat its own target of 25 GW power generation four years before scheduled, owing to its takeover of Softbank-owned SB Energy.

In January, the group said that it strives to become the world's largest solar power generator by 2025 and later the largest renewable power company all over the globe by 2030.

Adani Group acquired the world’s largest solar tender when Solar Energy Corporation of India (SECI) gave it an 8 GW contract through a bidding process in the second quarter of 2020. In Q3 2020, Mercom said that the company became the world’s largest solar power developer.

Adani said that the company rose from the 6th position in 2019 to the 1st position in 2020 in only nine months.

Since January 2020, the value of the group's renewables business has increased over 600 times, producing one of the best returns all over stock markets. In May 2021, the group procured Softbank’s and Bharti’s 5 GW portfolio of renewable assets, allowing Adani Group to leapfrog and get to their aim of 25 GW a full four years before the schedule, Adani said. This is what templatisation means to them, and it provides them with the confidence to expand quickly over different adjacent sectors, he further added.

Image Source


Also read: JSW Energy plans to add 2,600 MW RE capacity by 2023

Also read: Clean Energy Partnership: US, India set up hydrogen task force

Gautam Adani, Chairman of Adani Group, in a letter to shareholders, said that the company is aligning with India’s aim of becoming the world’s biggest player in renewable energy. The organisation has also set a target for itself to become the biggest solar power generator in the world. Gautam Adani told the media that a significant part of the Adani Group's future investments will focus on sustainable and renewable energy. The Chairman wrote that Adani Group would make notable investments in sustainable and renewable energy, adding that it has managed to defeat its own target of 25 GW power generation four years before scheduled, owing to its takeover of Softbank-owned SB Energy. In January, the group said that it strives to become the world's largest solar power generator by 2025 and later the largest renewable power company all over the globe by 2030. Adani Group acquired the world’s largest solar tender when Solar Energy Corporation of India (SECI) gave it an 8 GW contract through a bidding process in the second quarter of 2020. In Q3 2020, Mercom said that the company became the world’s largest solar power developer. Adani said that the company rose from the 6th position in 2019 to the 1st position in 2020 in only nine months. Since January 2020, the value of the group's renewables business has increased over 600 times, producing one of the best returns all over stock markets. In May 2021, the group procured Softbank’s and Bharti’s 5 GW portfolio of renewable assets, allowing Adani Group to leapfrog and get to their aim of 25 GW a full four years before the schedule, Adani said. This is what templatisation means to them, and it provides them with the confidence to expand quickly over different adjacent sectors, he further added. Image Source Also read: JSW Energy plans to add 2,600 MW RE capacity by 2023 Also read: Clean Energy Partnership: US, India set up hydrogen task force

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code