Adani Group Plans $21 Billion Investment Strategy for India’s Renewable Sector

The Adani Group has announced an ambitious investment roadmap worth nearly USD 60 billion up to FY32, with a sharp focus on renewable energy, generation, and transmission. The plan was presented in a recent investor briefing.

Scaling Up Renewable Energy 

Adani Green Energy Ltd (AGEL), the flagship renewable arm of the group, outlined one of the boldest growth trajectories. The company intends to invest USD 21 billion by FY30 to scale up its renewable capacity to 50 GW, a significant leap compared to 14.2 GW in FY25. 

Currently, AGEL specialises in building, owning, and operating utility-scale solar and wind farms, and it has already shown strong momentum. 

AGEL’s operational capacity grew 45 percent year-on-year to 15,816 MW in the latest quarter, with significant contributions from new solar (3,763 MW), wind (585 MW), and hybrid projects (534 MW).

Power Expansion and Grid Strengthening

The group's thermal power arm, Adani Power plans to nearly double its generation capacity. With an investment commitment of USD 22 billion until FY32, the company is set to expand capacity from 17.6 GW in FY25 to 41.9 GW. 

Further, the transmission and distribution will also see massive investments as Adani Energy Solutions Ltd. (AESL) eyes a USD 17 billion infusion into building modern networks. By FY30, the company targets to lay 30,000 km of transmission lines, extending from its current 19,200 km as of March 2025. 

Adani Group has recently also highlighted its strong financial performance. The consolidated EBITDA of the Adani Portfolio crossed INR 90,000 crore on a trailing twelve-month basis for the first time, while Q1FY26 EBITDA also touched record highs. 

Strengthening its regional footprint in clean energy, Adani Power this month signed a Shareholders Agreement with Bhutan’s state-owned Druk Green Power Corp Ltd (DGPC). 

The partnership will develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an expected investment of INR 60 billion. This collaboration enables the Group to diversify within renewable sources while deepening cross-border energy cooperation, the official statement noted.

Notably, the group has been using its green energy expertise to reduce emissions, and increase the share of renewable energy across all its businesses. While the most notable mught be the push to decarbonise Ambuja cement with a higher share if green energy, it has also brought in the same philosophy to make an impact at the many airports and ports managed by the group, where it has similar ambitious plans.