The Adani Group, led by industrialist Gautam Adani, has announced plans to invest approximately $60 billion in the power and renewable energy sectors by FY32. This significant investment will focus on generation, transmission, and distribution, with a particular emphasis on renewable energy. The group aims to scale up its renewable energy capacity to 50 GW by FY30, from the current 14.2 GW as of FY25, with an investment of $21 billion.
Adani Green Energy Ltd (AGEL), a part of the Adani Group, will play a crucial role in developing, building, and operating utility-scale grid-connected solar and wind farm projects. Additionally, Adani Energy Solutions Ltd (AESL) will invest $17 billion in building transmission and distribution capabilities, including setting up 30,000 km of transmission lines to support India’s growing energy needs by FY30.
Adani Power, the largest private thermal power producer in India, plans to invest $22 billion by FY32 to increase its capacity to 41.9 GW from the current 17.6 GW. The company has a significant presence in various states across India, with capacities spread over Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu.
The Adani Group’s investment plans are driven by India’s rapidly growing electricity market, which is expected to reach 1,000 GW by FY32 from the current 475 GW. The sector provides significant investment opportunities, with an estimated $500 billion worth of investments required by FY32. In the renewable energy segment, India ranks 4th globally, with an installed capacity of 172 GW, and provides over $300 billion worth of investment opportunities by FY32.
The Adani Group believes that coal will continue to play a critical role in meeting India’s growing energy demand, particularly in delivering stable, large-scale supply amid rising demand and renewable variability. The company also highlights the importance of investing in transmission networks, with India aiming to reach 6,48,000 km of transmission network by FY32 from the current 4,94,000 km. With its significant investment plans, the Adani Group is poised to play a major role in shaping India’s energy landscape in the coming years.