Adani energy business joins top-20 global club on massive renewables thrust

Total valuation now touches $31 billion (Rs 2.32 trillion); Nextera Energy of the US and Enel of Italy top the global list with $151 billion and $103 billion, respectively

Thanks to a massive thrust in the renewable energy sector over the past two years, Adani Group’s energy business has joined the top-20 global energy companies with its total valuation now touching $31 billion (Rs 2.32 trillion) as compared to $6.5 billion two years ago. Nextera Energy of the US, and Enel of Italy, top the global list with $151 billion and $103 billion respectively, as per Bloomberg data.

The group is targeting to become world’s largest RE company by 2030 and company officials said the renewable sector will witness addition of 300-400 Gw in this decade which opens tremendous