Adani to invest $70 bn in renewable energy

Gautam Adani announced that his logistics-to-energy business will invest USD 70 billion over the next decade to become the world’s largest renewable energy company and to create the world’s cheapest hydrogen.

Adani Green Energy Ltd (AGEL) plans to establish a 2 GW per year solar manufacturing capacity by 2022-23, with a target of 45 gigawatts of renewable energy capacity by 2030.

Adani Transmission Ltd (ATL), India’s largest private sector power transmission and retail distribution company, wants to boost renewable electricity acquisition from 3% to 30% by FY 2023 and 70% by FY 2030.

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