India: $20 Billion Renewable Energy Plant

Adani Green Energy Limited (AGEL) is India’s largest renewable energy company, founded in 2015 with its headquarters in Ahmedabad, India. It is a subsidiary of Adani Group, a multinational conglomerate founded by Gautam Adani in 1988 as a commodity trading business, which specializes in sea and airport management, electricity generation and transmission, mining, natural gas, etc.

AGEL is building a solar and wind power plant in the western Indian state of Gujarat, with an estimated cost of about $20 billion USD. The project, known as the Khavda Renewable Energy Park, will become the world’s largest power plant when completed in approximately five years, and is expected to generate enough clean electricity to power 16 million Indian homes.

Additionally, the company plans to invest $100 billion into energy transition over the next decade, with 70% of the investments allocated to clean energy. The report also mentions that the AGEL Khavda park aims to contribute at least 9% (30 GW) of the 500 gigawatts (GW) of non-fossil fuel electricity generating capacity by 2030, as set by the Indian Government.