Adani green energy to leap from 4GW to 10 GW by 2027 with the multibillion-dollar plan
Green Energy is injecting $2.3 billion into its mission to shine brighter in the solar sector. Spearheading the charge is the company's MD and director, Vneet Jaain, who envisions a twofold ascent in solar manufacturing capacity. Presently, the enterprise stands tall with a capacity of 4GW, but the target is a glittering 10GW by 2027.
Jaain, in a candid chat with The Economic Times, detailed their ambitious roadmap. The investment funnelled over the next half-decade, will focus on enhancing operations at Mundra's expansive electronic manufacturing cluster, sprawling across 700 acres. "Our journey began with crafting solar modules, cells, wafers, and ingots. But we're not stopping there. From EVA back sheets to aluminium frames, we're gearing up to manufacture every integral solar panel component," Jaain articulated.
Beyond manufacturing, the horizon is vast and verdant. Jaain unveiled Adani Green's blueprints for the largest renewable energy park in Khavda.
A colossal 20GW hybrid plant, harmonising solar and wind energies, will grace India's renewable landscape in the next five years.
Adani Green has an arsenal of ₹ 5,000 crore liquidity to power these dreams. Steering the financial ship, Jaain envisages a blend of debt and equity financing, aligning with its historical strategy but Adani Green isn't walking this green path alone. Last month, the French energy titan TotalEnergies pledged $300 million, sealing a joint venture to bolster renewable capacities in India. With TotalEnergies already holding a stake of approximately 20% in Adani Green, this collaboration promises to be a beacon for India's green aspirations.