Adani rolls out roadmap to become largest renewable power player by 2030

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Adani Group chairman Gautam Adani has announced his company’s goal is to become the world’s largest solar power company by 2025 and the largest renewable power company by 2030.

“Given our goal to become the world’s largest solar power company by 2025 and the world’s largest renewable power company by 2030, we feel confident that we will be able to lead one of the fastest global carbon offsets. We are looking forward to this transformation,” he said in a LinkedIn post.

Currently, Adani has over 2.5 GW operational portfolio of renewable power generating assets, which it expects to more than double by 2020 with the implementation of 2.9 GW under-construction capacity and further record three-fold growth touching 18 GW by 2025.

“In 2019 we were ranked as the 6th largest solar player globally and as a part of this journey, we are well within reach to be India’s largest renewable energy company by 2020 and one of the top three global solar energy companies by 2021. Our existing portfolio of renewable power generating assets stands today at over 2.5 GW. This is expected to more than double by 2020, with the implementation of 2.9 GW under construction capacity and further record three-fold growth touching 18 GW by 2025,” said Adani.

“To make this happen we have committed to investing over 70% of our budgeted Capex of the energy vertical into clean energy and energy-efficient systems,” he added.

As part of this journey, Adani is also working towards expansion of its 1.3 GW state-of-the-art solar cell and module manufacturing plant in Mundra to 3.5 GW manufacturing facility.

Further, discussions are underway on ventures to enable the world’s only 100% green energy-based chemical manufacturing and data center facilities.