Sagar Adani, nephew of Gautam Adani and executive director of Adani Green Energy, said on Monday that the group will invest about $ 35 billion, or about Rs 3 lakh crore, in the next five years to set up large-scale solar, wind and hybrid plants in different parts of the country. Will invest Rs. He said that Adani Group is investing in new projects in the field of clean energy in the world and this is one of the largest investments. Let us also tell you what kind of information he gave in his plan.
Will invest this much in five
Sagar Adani said in the CEO panel discussion on the role of youth leaders for Developed India at 2047 in the economic conference organized by State Bank of India that what I would say, we have started working on it. This is the largest project development in the renewable energy sector by any company anywhere in the world. We are going to invest about $35 billion in the next five years to set up large-scale clean energy projects. This investment will be made in solar energy, wind energy and hybrid (simultaneous solar and wind energy projects) projects.
The plan is something like this
The company is setting up a 30,000 MW capacity solar plant at a single location in Khavra, Gujarat. Sagar Adani also said that the country needs to think about nuclear energy and other things also. The government is actively thinking about this. He said that it is necessary that we are investing 85 percent of the total investment in clean energy. But at the same time we also think about the demand situation in the country. Therefore, we are not limiting ourselves to only renewable energy… rather, we are also working on traditional fossil (coal etc.).
Adani’s energy shares fall
If we talk about the stock market, a decline was seen in Adani’s energy shares on Monday. Adani Energy Solutions shares closed with a decline of 1.33 percent. On the other hand, Adani Green Energy shares saw a decline of 2.33 percent and closed at Rs 1457. Shares of Adani Total Gas closed at Rs 669.60 with a decline of 2.13 percent. On Monday, a decline was also seen in the shares of other companies of Adani.
