Adani Group lays out blueprint to become world's largest solar power company
The existing portfolio of renewable power generating assets stands today at over 2.5 GW
Adani Group has laid out blueprint to make its company the world's largest solar power company by 2025 and the biggest renewable energy firm by 2030 through aggressive capacity addition push in these areas.
The company is planning to double its renewable power generating capacity of current 2.5 GW by 2020 and further to 18 GW by 2025. The Group not just owns coal-fired power plants but also coal mines in India and Australia.
The existing portfolio of renewable power generating assets stands today at over 2.5 GW. This is expected to more than double by 2020, with implementation of 2.9 GW under-construction capacity.
Adani Group has committed to investing over 70% of its budgeted capex of energy vertical into clean energy and energy-efficient systems.
Another project being undertaken by the company is the expansion of its 1.3 GW state-of-the-art solar cell and module manufacturing plant in Mundra, in Gujarat, which will turn into 3.5 GW manufacturing facility.
The company is also in discussions on ventures to enable the world's only 100% green energy-based chemical manufacturing and data centre facilities.