Adani Group eyes $60 billion investment in power and renewable energy sectors till FY32
Adani Group, led by Industrialist Gautam Adani, plans to invest in an approximately 60 billion dollars in India’s energy sector by focusing on renewable energy, production and transmission/distribution.
This investment is compatible as one of the fastest growing electric markets in the world with the prescribed growth of India. PTIAdani Group’s statement.
Adani Group’s investment failure
In an investor presentation, Adani Group revealed an investment strategy allocated to Key subsidiaries:
India’s energy sector growth view
The total installed capacity of the country is expected to grow in a 11% CAGR. This growth creates over $ 500 billion investment opportunities.
India is currently 4th in terms of renewable energy worldwide.
At the same time, the thermal capacity is expected to reach 309 GW from 247 GW in 25 financial years and reach more 80 GW coal capacity to meet the increasing demand. This thermal segment offers an investment opportunity worth $ 91 billion.
Adani Power, the largest special thermal power manufacturer of India’s capacities, said, “Coal, increasing demand and renewable variability, stable, large -scale supply, continues to be the backstage of India’s base load power. Critical to meet the increasing summit demand.”
