Adani Group will develop 15 GW of renewable power projects over the next few years in Andhra Pradesh, said Karan Adani, son of Adani Group chairman Gautam Adani, and chief executive officer of the Adani Ports and Special Economic Zones (APSEZ), at the global investors summit in Andhra Pradesh.
Adani said the Group would set up these projects across the districts of Anantapur, Kadapa, Kurnool, Visakhapatnam, and Vizianagaram.
Adani Group has also committed to developing 400 MW of data center projects in Visakhapatnam.
Andhra Pradesh is blessed with a large renewable energy potential of 82.5 GW. It is one of the very few states in India that has combined potential for solar, wind, and pumped storage.
The recently concluded investors summit saw MoUs signed for significant RE investments into the state. While Adani has committed to 15 GW RE projects, Reliance Industries will invest in building 10 GW of solar energy generation capacity.
Avaada Group signed an MoU for RE investment worth INR 50,000 crore.
“Avaada will invest hugely into integrated energy projects including solar, wind, pumped hydro storage along with large green hydrogen and green ammonia in the state. We are looking forward to starting our projects as soon as we get all the requisite approvals and permissions,” said Vineet Mittal, chairperson of Avaada Group.
ReNew signed an MoU for INR 97,500 crore, Indosol INR 76,033 crore, and Greenko INR 47,500 crore.
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