Adani Group incorporates wholly-owned subsidiary, ANIL for new energy business

Billionaire Gautam Adani’s logistics-to-energy conglomerate has set up a new subsidiary, Adani New Industries Ltd (ANIL) to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen. Adani had in November […]

Read more

India adds 8.5 GW renewable energy capacity till November 2021 this fiscal: RK Singh

India has added 8,530.92 megawatts (MW) of renewable energy capacity, including large hydro units, during April-November of the current fiscal, which is higher than 8,058.10 MW added in the entire 2020-21, Parliament was informed. During April-November 2021, 8,530.92 MW of the renewable energy capacity, including large hydro, was added in the country, which is higher […]

Read more

New restrictions on banking of power sector to hit country’s renewable energy prospects: JMK Research

New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. Banking […]

Read more

Adani to invest $70 billion in renewable energy over the next decade

Gautam Adani has announced that his logistics-to-energy conglomerate will invest $70 billion over the next decade to become the world’s largest renewable energy company while speaking at the Bloomberg India Economic Forum.  It will also produce the cheapest hydrogen on Earth, he said. Adani Green Energy Ltd (AGEL), an independent solar power developer, is targeting […]

Read more

Adani to triple solar power generation capacity in four years: Gautam Adani

Having achieved the initial target of 25 Giga Watt renewable portfolio four years ahead of schedule, the Adani Group now plans to triple its solar power generation capacity in the next four years. Speaking at the inaugural session of the ‘TiE Sustainability Summit 2021’ themed, “Where entrepreneurship meets sustainability”, Gautam Adani said over the next […]

Read more