Adani Green Announces World's Largest Hybrid Renewable Energy Park In Gujarat

Adani Green Energy has announced plans to build the world’s largest hybrid wind and solar park in Gujarat’s Kutch district. Gautam Adani, Chairman of Adani Group., revealed at a recent meeting in Ahmedabad that the facility, once operational, would produce 20 gigawatts of renewable energy.

What Happened? The project, noted as the company’s most complex and ambitious to date, is expected to be completed faster than any of its previous undertakings.

The company’s goal is to generate 45 gigawatts of renewable energy by 2030, a significant leap from its current output of 8 gigawatts. To highlight their progress, Adani shared that they have already launched the world’s largest hybrid solar-wind project, producing 2.14 gigawatts in Rajasthan.

See also: Gautam Adani Calls Hindenburg Report “Malicious And Deliberate Attempt” To Damage Reputation

Adani further mentioned that their present renewable capacity of 8 gigawatts is the largest in India, with an ongoing aim to produce low-cost renewable energy at scale. He reaffirmed the company’s target to reach 45 gigawatts of renewable energy capacity by 2030.

Speaking on India’s growth potential, Adani projected the country’s gross domestic product (GDP) would increase by a trillion dollars every 18 months, potentially growing into a $25-30 trillion (₹2,050 – 3,050 lakh crore) economy by 2050. This expansion could lead to a ten-fold increase in India’s stock market capitalisation, reaching over $40 trillion (₹3,280 lakh crore).

Price Action: Adani Green Energy shares were trading 1.32% higher at ₹978.00 on Tuesday afternoon.

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