Adani’s $70 bn investment helps the country to be a net exporter of clean energy

Adani group’s plan to invest $ 70 billion in clean energy will act as a facilitator for India’s green energy transition, said Gautam Adani at the Annual General Meeting (AGM) of Adani Enterprises.

He said that his group was working towards making green hydrogen the “fuel for future”. The investment includes Adani Green Energy, the world’s largest solar power developer, plan to target 45 gigawatts of renewable energy capacity by 2030 for an investment of $20 billion to develop a 2 GW per year solar manufacturing capacity by 2022-23.

Adani Transmission is also looking to increase the share of renewable power procurement from 3 percent to 30 percent by the end of 2022-23 and to 70 percent by 2029-30.