Adani bets $20 billion on green energy, takes on Reliance Industries
Adani Enterprises will invest $20 billion (Rs 1.48 trillion) over 10 years in the renewable energy supply chain, including power generation, manufacturing, transmission, and distribution. The announcement on investment size comes after Reliance Industries Ltd (RIL) in June launched its foray into green energy with a Rs 75,000-crore investment in the coming three years.
Gautam Adani, chairman, Adani Enterprises, on Tuesday said the company would triple its renewable power generation capacity over the next four years. Adani currently has 12.5 Gw of installed and 7 Gw of a planned thermal power capacity.
The current installed renewable energy capacity of Adani stands at 15 Gw. Adani said the company would have more than 60 per cent of its installed capacity from renewable sources by then.
