Adani Group Doubling Down on Green Energy Commitments with Latest Plans

The Adani Group is planning to develop 10 gigawatts (GW) of overseas hydroelectric projects over the coming years, aligning with its goal of achieving net-zero carbon emissions by 2050, according to sources cited by Reuters. This move is part of the conglomerate’s broader commitment to green energy, with Gautam Adani having previously announced a $100 billion investment over the next decade, focused on green energy initiatives, including the creation of the world’s largest solar energy park in western India.

The group's focus for hydroelectric projects includes countries such as Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam due to their favorable topography and high demand for hydropower. While primarily concentrating on pumped hydro storage in India, Adani is seeking international opportunities that meet these criteria.

Adani Green Energy, the green energy arm of the group, currently operates 11.2 GW of renewable energy projects, with an ambition to expand to 50 GW by 2030. In line with this strategy, Adani signed an agreement in June with the Bhutanese government to build a 570 MW hydropower plant in Chhukha province. The group is also considering a 700 MW project in Chamkarchu, Bhutan, where approvals are already in place, allowing for immediate commencement of work.

The group is actively evaluating potential hydroelectric projects in other countries and engaging in discussions with governments and some private parties.