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Adani Green Energy Ltd aims to invest approximately ₹1.5 trillion by 2030 in the Khavda renewable energy park in Gujarat to build the world's largest renewable energy plant with a capacity of 30 GW.
The project will add 26 GW of solar and 4 GW of wind generation capacity. It is a component of the Adani Group's renewable energy flagship strategy, which aims to create 45 GW of installed renewable energy capacity in the nation by 2030. AGEL now operates 10.93 GW of renewable energy across 12 states, including 7.39 GW of solar, 1.4 GW of wind, and 2.14 GW of hybrid.
The Adani project would also make Khavda the largest renewable energy park in the country, with a cumulative capacity of about 45 GW. The other developers in the park include state-run NTPC and Gujarat Industries Power Company (GIPC). Currently, the biggest renewable energy park in India is Bhadla Solar Park in Rajasthan, with a capacity of 2.24 GW.
In the current financial, the company would add 1 GW of wind turbine capacity, taking the overall wind turbine manufacturing capacity to 2.5 GW, and another 2.5 GW may be added by the end of the financial year 2027 (FY27). Currently, the company largely exports from its existing solar module manufacturing capacity of 4 GW. Both its solar modules and wind turbine manufacturing capacities are located in Mundra, Gujarat.
The push for renewable energy comes in line with the government's ambitious 500 GW installed non-fossil power capacity target in the country by 2030. The company has made massive investment commitments across the new energy and energy transition ecosystem, including green hydrogen and e-mobility.
Apart from Adani, other large enterprises are also making big moves in the renewable energy space. In August last year, Reliance Industries announced its investment target for renewable energy to ₹1.5 trillion. State-run ONGC has also announced it wants to achieve 10 GW of renewable energy capacity by 2030 with an investment of ₹1 trillion.
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