Adani Group Achieves 25 GW Renewable Energy Capacity, Four Years Ahead Of TargetSolar panels. Representative Image.

Four years ahead of schedule, Adani Group has achieved its target to set up 25 gigawatts (GW) of renewable energy capacities in India.

"In 2020, we became the largest solar company in the world. Last month (May 2021), we caught up to our renewables target of 25 GW, a full four years ahead of schedule. Our green energy arm is on track to be the world's largest renewable energy company by 2030. No other organisation in the world has accelerated its renewables footprint as rapidly as the Adani Group," Chairman Gautam Adani said during a virtual session of the India Global Forum 2021 on Wednesday (30 June).

Gautam Adani also said that as a part of 'Atmanirbhar Bharat,' the group is doubling its solar cell and module manufacturing capacity to 4 GW, reports The Economic Times.

Recently, in one of the largest acquisitions in the renewable energy sector in India, Adani Green Energy Limited (AGEL) has acquired 100 per cent interest in SB Energy India from SBG (80 per cent) and Bharti Group (20 per cent).

SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India.

With this acquisition, AGEL achieved a total renewable capacity of 24.3 GW and a renewable operating capacity of 4.9 GW.

On Wednesday (30 June), the Competition Commission of India (CCI) under Section 31(1) of the Competition Act, 2002 approved the acquisition of SB Energy Holding Limited by Adani Green Energy Limited.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement