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Cloud over AGEL plans bad news for India's renewable energy future

Adani firm has plans to build 10% of India's targeted RE capacity by 2030

Photo: Bloomberg
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AGEL has in its kitty some of the largest single destination solar power parks - Gujarat, Rajasthan, and Karnataka

Shreya Jai New Delhi
Adani Enterprises Chairman Gautam Adani in January 2020 declared his group would invest $20 billion in renewable energy (RE) development over the next decade.

The company has set a target of achieving a capacity of 45 Gw of RE by 2030, the same year India is envisaging to have 500 Gw of non-fossil fuel capacity.

Among the established players (which have operational projects), Adani Green Energy (AGEL) not only holds the biggest renewable energy portfolio but aims to construct close to 10 per cent of India’s targeted RE capacity by 2030.

It has in its kitty some of the largest

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