Adani Green Energy revises renewable energy capacity target to 50 GW by 2030

Solar panels

Adani Green Energy revised its renewable energy capacity target to 50 gigawatts (GW) by 2030, up from the earlier target of 45 GW, said Gautam Adani, Chairman of the Adani Group, on June 24.

Speaking at the group’s annual general meeting (AGM), the business tycoon said Adani Green Energy added 2.8 GW in the last year, 15 percent of India’s total renewable capacity addition.

The commissioning of the first 2 GW at the world’s largest renewable energy plant in Khavda within 12 months of breaking ground set a record, he said adding that the achievement highlights execution capabilities of the company.

“Already generating 3,000 MW of clean energy, our aggressive timeline aims to develop 30 GW capacity in the next five years. This will be enough to power nations like Belgium and Switzerland. For us, the Khavda park is a testimony of our commitment to sustainability and a symbol of national pride,” said Adani.

In line with India’s aim to increase reliance on renewable energy, the Adani group had set a renewable energy park spread over 538 square kilometres in Khavda, Gujarat. The company had earlier pointed out that the region is endowed with one of the best wind and solar resources in the country, which makes it ideal for giga-scale RE (renewable energy) development.

The region witnesses around 2,060 kWh/m2 of high solar irradiation, making it ideal for solar energy generation and speeds of around 8 meters per second, the company added.