RENEWABLE ENERGY

Adani Group to add 5 GW green energy a year for next decade: Gautam Adani

Adani Group Chairman Gautam Adani in a letter to shareholders said the company is aligning with India’s goal of becoming the world’s biggest player in renewable energy. The group has also set a target for itself to become the biggest solar power producer in the world.

“I also decided that a significant part of our Group’s future investments must be focused on sustainable and renewable energy,” Adani said.

The Adani Group will make significant investments in sustainable and renewable energy, the Chairman wrote, adding that it has managed to beat its own target of 25 Gigawatts power generation four years ahead of scheduled owing to its acquisition of Softbank-owned SB Energy.

Earlier in January, the group said it aspires to become the world’s largest solar power producer by 2025 and later world’s largest renewable power company by 2030.

“I also stated (In Davos, 2020) that we would “build 25 Gigawatts by 2025 and also become the world’s biggest solar player. Our existing portfolio of renewable power at that time (January 2020) stood at just 2.5 Gw.

Source
Times Now
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