Adani Group targets 50GW renewable energy capacity by 2030, nuclear portfolio of 10 GW by 2035

London/New Delhi, June 27 (IANS) The Adani Group is building one of the world’s largest renewable energy portfolios, targeting 50GW by 2030, and a substantial nuclear portfolio of 10 GW by 2035, Sagar Adani, Executive Director of Adani Green Energy Ltd (AGEL) has said.

Speaking at the inaugural Adani Green Energy Dialogue, hosted by Adani Green Energy Limited (AGEL) in partnership with the Energy Transitions Commission (ETC) at the Science Museum, London, he said that “we are investing in large-scale energy storage including pumped hydro and utility-scale batteries, expanding transmission networks to move power efficiently across the country and developing green hydrogen ecosystems”.

“We are doing it all, at a scale and speed the world has rarely seen. Because incremental change will not cut it,” Sagar Adani told the gathering.

He said that the events of the past three months have left every nation thinking.

“Today, all countries – developed or developing – are being forced to come to terms with what it means to futureproof their economies against relentless geopolitical shocks. At the same time, for most of the developing world, where hundreds of millions of people are rising into the middle class and are increasing their energy consumption for a better quality of life, affordability of energy continues to remain a fundamental necessity,” Sagar Adani mentioned.

These constant geopolitical disruptions have turned this necessity into a monumental battle for survival.

“Energy Security, Energy Affordability, and Energy Sustainability — this is the ultimate global trifecta,” he noted.

Nowhere is electrification more critical and even challenging, than in India.

“It is helpful to consider India’s electricity demand and supply in the broader context of the country’s final energy consumption. In 2024, India consumed about 10,000 Terawatt-hours across all sources — coal, oil, gas, nuclear and renewables,” he informed.

“Let’s put the scale of India’s challenge into perspective. We are talking about a structural leap, adding nearly 2,000 gigawatts of new capacity over the next two decades. All while ensuring that this energy remains affordable, accessible, and increasingly clean. That is the scale of the opportunity. And that is India’s defining challenge,” Sagar Adani highlighted.

For India, the path forward is clear.

“We must electrify everything, reducing structural dependence on imported energy. We must build an energy backbone anchored in resources that are available within the country. And this is where we must be pragmatic, leveraging every energy source available to us. Renewables. Hydro. Efficient thermal. And nuclear. Because without firm, scalable baseload power, the math simply does not work,” he elaborated.

Over the past decade, India’s leadership has played an exceptional role in cutting red tape, getting rid of unnecessary and outdated regulations, revitalizing public undertakings and encouraging private investments.

“Countless macro and micro policy changes by the government have resulted in an environment where business can grow, flourish and prosper. From accelerating infrastructure development, to expanding renewable capacity, strengthening transmission networks, and enabling long-term investments, there has been both clarity of intent and continuity of action. And that continuity is a critical enabler of resilience,” he added.

–IANS

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