International
Adani to develop 15GW of renewable energy in India
Seetao 2023-03-09 11:35
  • India attaches great importance to shifting to a low-carbon economy and minimizing dependence on imported fossil fuels
  • The Ministry of New and Renewable Energy of India announced that it will set up a special fund of 100 billion rupees to support the development of renewable energy and the development of related manufacturing industries
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Adani Group has agreed to develop 15GW of renewable energy in Andhra Pradesh in the next few years, Karan Adani, son of Adani Group Chairman Gautam Adani, said at the recent Global Investors Summit held in the Indian state.

Adani, who is also chief executive of Adani Ports and Special Economic Zones, said the group will set up the projects in several areas. It has also committed to developing a 400MW data center project in Visakhapatnam.

Andhra Pradesh has a huge renewable energy potential of 82.5 GW. It is one of the few Indian states with potential for solar, wind and pumped hydro storage.

A global investor summit in Andhra Pradesh included some new renewable energy investments in the state. Adani has committed 15GW, while Reliance Industries said it would invest in 10GW of solar capacity.Editor/XingWentao

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