Adani Group to invest $ 20 billion in renewable energy sector over the next ten years

Adani Group has planned to invest $20 billion in renewable energy (RE) generation, component manufacturing, transmission and distribution over the next ten years.

The conglomerate has planned to triple its RE generation capacity over the next four years as well as foray into green hydrogen production. It will power all data centres with RE, turn its ports into net carbon zero by 2025, and spend over 75 per cent of its capital expenditure in green technologies up to 2025. The company currently has a portfolio of 4,920 MW of operational RE generation capacity with another 5,124 MW under execution. It also has a confirmed pipeline of 9,750 MW and 4,500 MW where it is likely to win contracts.