In a recent tweet, Chairman Gautam Adani of Adani Green Energy Ltd. affirmed the company’s commitment to elevating its renewable energy capacity to an impressive 45 gigawatts by the year 2030. This ambitious goal aligns with the company’s recognition as the second-largest solar photovoltaic cell manufacturer globally, according to the annual global report by Mercom Capital Group.
Mercom’s Recognition Highlights Adani Green’s Exceptional Performance
Mercom Capital Group’s report not only acknowledged Adani Green Energy’s position as the second-largest solar photovoltaic cell manufacturer but also lauded its outstanding performance and contribution to the renewable energy landscape. The report covers various aspects, including operational capacity, projects under construction, and those with awarded power purchase agreements.
Adani Green’s Current Standing in the Global Renewable Energy Arena
Adani Green Energy currently boasts a total solar capacity of 18.1 gigawatts, encompassing operational, under-construction, and awarded projects. While TotalEnergies, based in France, leads the chart with 41.3 gigawatts, Adani Green Energy holds the distinction of having the highest capacity under construction, with approximately 9.2 gigawatts.
Recent Milestones and Investments
In March 2023, Adani Green Energy achieved a significant milestone as its operating renewables capacity surpassed 8 gigawatts. The company’s diverse portfolio includes a wind-solar hybrid project portfolio that has crossed 2.1 gigawatts. Furthermore, the company received a substantial investment of Rs 550 crore from the UK-based investment firm GQG Partners in the same month.
Zero Waste to Landfill Certification and Future Outlook
Highlighting its commitment to sustainability, Adani Green Energy obtained a zero-waste-to-landfill certification in December 2022. This certification underscores the company’s dedication to environmentally responsible practices.
As Adani Green Energy continues to make strides in the renewable energy sector, these achievements solidify its position as one of the fastest-growing players in the global renewable energy landscape. With a robust plan to reach 45 gigawatts of renewable energy capacity by 2030, the company remains at the forefront of sustainable energy initiatives on a global scale.
Source: bloombergquint.com
