Adani Green targets 45 GW of renewables capacity by 203015 November 2021
Adani Green Energy, an Adani Group company and the world’s largest solar power developer, aims to reach 45 GW of renewable energy capacity by 2030, with the average tariff below the average power purchase cost (APPC) at the national level. The renewable energy developer had an operational renewable energy capacity of 5.4 GW (4.76 GW of solar and 647 MW of wind) as of Sept. 30.
The company will invest $20 billion in renewable energy development over the next decade. It also aims to develop 2 GW per year of solar manufacturing capacity by fiscal 2022-23.
The company announcements fall under Adani Green Energy's Energy Compact Goals as part of COP26, primarily adhering to Sustainable Development Goal 7 (SDG 7). Under the goals, the companies must ensure universal access to affordable energy services and substantially increase the share of renewable energy in the global energy mix.