Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • From Farm to Family – Karna Desai’s Vision for a Sustainable Dairy Future Business
  • Angadpreet Singh & Speed Records Presents Dj Hardik’s First Orginal Allha Hu Entertainment
  • Main Aisa Kyun Hoon:The Astrology Series You Didn’t Know You Needed Entertainment
  • Grand Celebration of Hanuman Jayanti in Delhi by Hanuman Devotees Service Committee Lifestyle
  • White Lotus International Hospital Forays into Healthcare Health
  • Besharam Rang Singer Shilpa Rao performing in Mumbai biggest Holi Bash at NESCO Business
  • Santhoshi Reddy revamps beauty e-commerce with technology and a personalised shopping experience with BeautyKart Lifestyle
  • Easy Boba Expands Footprint in India with New Loyalty Card Initiative and Ongoing Business Growth Business

Towards a ‘Greener’ future: Adani’s renewable energy vision gains traction

Posted on January 8, 2022 By

Ahmedabad (Gujarat) [India], January 8: Gautam Adani’s plans to revamp his business empire into the world’s largest renewables player are on a roll. The initiative to tap the green bond market to fund this change is certainly bearing fruit as his ambitious $20 billion investment plan gets underway.

Adani Green Energy, which takes care of the renewables business, has been very active in the green bond market, raising $750 million through the market last September. It will not be the last as Adani reportedly told Nikkei Asia that the Group would use the market to fund its $20 billion investment plan.

The $20 billion investment plan is part of Adani’s bigger game plan to invest across the entire renewable energy chain over the next decade. It includes production and manufacturing processes along with distribution and entails a ginormous sum of $70 billion. So far, investments have been made towards the manufacturing of equipment, including electrolysers.

The Group is eager to cut down its dependence on fossil fuels, aiming to triple its renewable power generation capacity in the next four years. Currently, the share of renewables in electric generation is 21% and is expected to account for almost two-thirds once things fall into place.

Adani stated that going green was the logical choice as it opened up new avenues for growth. “Our actions indicate that we are putting our money where our mouth is as over 75% of our planned Capex until 2025 will be in green technologies,” he quipped, in one of his rare interviews, to Nikkei Asia.

Talking about funding for his ambitious project, Adani placed his confidence on green bonds. “Over the process of its development, Adani Green Energy has matured its capital management plan. The organisation has a cycle of funding under-construction assets and then de-risking operational projects through U.S.-dollar green bond refinancing, thereby releasing the credit line for the next set of construction projects”, he pointed out.

Additional sources include debt raising and equity capital, as well as the Group’s internal cash flows. As of the last financial year, the Group companies had accrued $4.3 billion (Rs. 323.4 billion) in earnings before interest, taxes, depreciation and amortisation.

Adani dismissed any notion of competing with fellow billionaire Mukesh Ambani. Ambani has revealed similar plans to turn his business into a net-zero carbon emitter by 2035. However, Adani maintained that there was enough space for everyone when it came to renewables.

However, he asserts that the Adani Group will become the world’s largest renewables company in the not-too-distant future. The company achieved its target of 25 GW renewables capacity a full four years ahead of schedule. “This puts us well on track to be the world’s largest renewable power generating company by 2030,” he declared.

Business Tags:Business

Post navigation

Previous Post: The Biggest Vertical Farming Project in Nagpur by A S AGRI AND AQUA inaugurated by honorable Minister Nitin Gadkari
Next Post: The foundation stone of one of a kind and first in the world Garbh Sanskar and Maternity Home laid

Related Posts

  • Sampre Nutritions Ltd Plans Strategic Fundraising Initiative to Drive Growth and Expansion Business
  • BoM celebrates 88th Business Commencement Day, Launches slew of Digital products & services Business
  • Tedco Education Sets Up Its New Campus Goodrich Tedco School of Bakey Arts in Association with Goodrich Carbohydrates and Chef Sahil Mehta Business
  • HR Tech platform greytHR tops G2’s Best HR Products list for 2022 in multiple categories Business
  • United Service Institution of India (USI) hosts Challenges Annual Forum on the Future of Peace Operations Business
  • India’s favorite Cuppa Tea comes in new hues and flavors at Aman Sood’s ‘The Chai Theka’ Business

Recent Posts

  • Apollo Cancer Centre Hyderabad Felicitated Bone Cancer Survivors for Their Grit and Determination
  • DS Jindal Group Appoints Dayanand Shetty as Brand Ambassador for Jindal PVC Pipes & Flujo GFRP Rebars
  • Kaytex Fabrics Limited is planning to raise up to Rs. 69.81 crore from public offer; IPO opens on July 29, 2025
  • Sanjeev Kwatra Calls for Conscious Living for Youth to Reclaim Success, Balance, and Inner Peace
  • Anosh Foundation Distributes 17,500 Meals in Dubai to Mark Ramadan Spirit

Recent Comments

  • Unknown on Participants Reap Rewards in Wellman’s 8-Week Digital Campaign: IPL Tickets, Autographed Virat Kohli Merchandise, and More!
  • Tree AMS Unveils Revolutionary Franchise Management Technology, Transforming Business Operations and Excellence Across Industries Business
  • Jashn Agnihotri Excited About Her Upcoming Horror Comedy ‘Kutte Fail’ Entertainment
  • Need for various service providers and consultants to come together from early stage of design in built environment – Experts Business
  • UK based Indian Entrepreneur makes Investment in Movies accessible to all Business
  • Gaurs Group Acquires Ownership of the Gorakhpur Lions in the BCCI Backed Up T20 League in Association with the UPCA. Business
  • Leesha Eclairs, a prominent South Indian television actress, made her Bollywood debut in SRK’s “Jawan” Entertainment
  • “Reality Shift Through Energy Work” Neelam Naseeb’s Global TEDx Impact Business
  • Here Are Top 6 Reasons That Make Inveda the Trendiest Natural Skin Care Brand Lifestyle

Copyright © 2025 Daily News India.

Powered by PressBook News WordPress theme