The Adani Group has announced an investment plan worth nearly $60 billion through FY32, with renewable energy, power generation, and transmission at the core of its strategy. The roadmap, unveiled during a recent investor briefing, positions the conglomerate as a key driver of India’s energy transition.
Adani Green Energy leads clean power growth
Adani Green Energy Ltd. (AGEL), the group’s renewable energy flagship, will spearhead the push with a $21 billion investment through FY30. The company aims to scale its renewable capacity to 50 GW by FY30, up from 14.2 GW in FY25 — one of the most ambitious clean energy expansions globally.
AGEL has already shown strong momentum. Its operational capacity surged 45 percent year-on-year to 15,816 MW in the latest quarter, driven by 3,763 MW in new solar projects, 585 MW in wind capacity, and 534 MW in hybrid assets.
Power generation expansion and grid modernization
Adani Power, the group’s thermal arm, will nearly double capacity with an investment of $22 billion until FY32, expanding from 17.6 GW in FY25 to 41.9 GW.
Meanwhile, Adani Energy Solutions Ltd. (AESL) is set to play a critical role in modernizing India’s power grid. With $17 billion earmarked for transmission and distribution, AESL plans to extend its transmission line network from 19,200 km in March 2025 to 30,000 km by FY30.
The Group’s strong financial performance supports this expansion. Adani Portfolio’s consolidated EBITDA crossed ₹90,000 crore on a trailing 12-month basis for the first time, with Q1 FY26 EBITDA hitting record highs.
Regional partnerships in renewable energy
In a move to strengthen cross-border clean energy cooperation, Adani Power signed a Shareholders Agreement with Bhutan’s state-owned Druk Green Power Corporation Ltd. (DGPC) this month. The partnership will develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an estimated investment of ₹60 billion.
The collaboration adds hydropower to Adani’s renewable mix while reinforcing India’s regional energy ties.
Green energy push across businesses
Beyond power generation, the Group is embedding clean energy into its broader operations. Adani has announced plans to decarbonize Ambuja Cements by significantly increasing its share of renewable energy. Similarly, its airports and ports are being aligned with the same sustainability philosophy, targeting reduced emissions and higher reliance on green power.
By aggressively scaling renewables and modernizing infrastructure, the Adani Group is not only driving its business growth but also contributing to India’s 500 GW renewable energy target by 203
