India’s Adani conglomerate says it is on track to be the world’s largest renewables player by 2030.
The mining and energy giant on Wednesday announced the world’s largest green power purchase that it says will turbo charge energy transition and manufacturing.
Solar power developer Adani Green Energy, the company’s renewable energy arm, signed the deal with the Solar Energy Corporation of India (SECI) to supply 4667 megawatts of power.
“It is increasingly evident that the world has to equitably transition to a low carbon economy faster than previously anticipated,” Adani chair Gautam Adani said.
“This agreement keeps us well on track to our commitment to become the world’s largest renewables player by 2030.”
He said the green power purchase agreement expanded India’s renewable energy footprint and would boost manufacturing under the Atmanirbhar Bharat (“Make In India For The World”) program.
Adani has committed $US50-$US70 billion ($A70-$A99 billion) of investment in renewable energy, he said.
The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.
Adani, which recently rebranded its Australian operation to Bravus, has long been a target of protests against its massive Carmichael coal mine in Queensland’s Galilee Basin.