Adani Green Energy Announces a $27.6 Billion Growth Strategy

Adani Green Energy, a division of the Adani Group, an Indian conglomerate, has revealed a substantial investment plan worth Rs2.3tn ($27.6bn) to increase its output of green energy.

According to the Hindu Business Line, the investment would be used to increase the company's capacity to generate solar and wind electricity through 2030.
"We are committed to investing Rs1.5tn in solar and wind power generation at Khavda, Gujarat to increase our capacity to 30GW from the current 2GW," said Vneet Jaain, managing director of Adani Green Energy.
Adani Green Energy intends to contribute an additional Rs. 500 billion to comparable green projects throughout the nation.
The investments are a part of the company's larger plan to grow from its present capacity of 10.9GW to an operating portfolio of 45GW by 2030.
Adani New Industries (ANIL), which plans to increase the solar cell and module production capacity at its Mundra factory in Gujarat, will support the expansion efforts.
By the fiscal year 2026–2027, ANIL plans to invest Rs300 billion to expand the factory's capacity from 4GW to 10GW.
Reliance Industries Limited (RIL) of India purchased a 26% share in Adani Power's Madhya Pradesh power project in March 2024.
As part of the arrangement, 50 million equity shares with a face value of Rs. 10 apiece, of Mahan Energen, an Adani Power subsidiary, were given to RIL.
As part of a strategic agreement, the two firms have agreed that RIL may utilize 500MW of electricity produced by the thermal power plant for captive purposes, meaning that in the event that a customer cannot find a dependable and affordable alternative, it may put up its own power producing facility for self-use.

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