AGEL to invest $70 bn in RE

The AdaniGroupplans to invest $70 billion over the next decade to become the world’s largest renewable energy (RE) company and produce the cheapest hydrogen.

Adani Green Energy Limited (AGEL) is targeting 45 GW of RE capacity by 2030 and will invest $20 billion to develop a 2 GW per year solar manufacturing capacity by 2022-23.Adani Transmission Limited (ATL) is looking to increase the share of RE procurement from the current 3 per cent to 30 per cent by 2023 and to 70 per cent by 2030.