Adani Green Energy plans to invest Rs 10,000 crore in capital expenditure in the financial year 2020-21, but expects project execution to be delayed on account of the disruption caused by the Covid-19 pandemic.
Billionaire Gautam Adani-led Adani group has committed to invest over 70 per cent of its budgeted capex into clean energy and energy-efficient systems so as to become the largest solar player in the world by 2025 and the largest renewable player in the world by 2030.
“With the long-lasting impact that COVID-19 is due to have on all sectors, sustainability driven business is imperative. Green Energy and Renewable Energy motivated investments will continue in this coming fiscal year,”, chairman, said in a recent press statement.
Adani Green, which is the clean energy arm of the conglomerate, aims to scale up capacity to 25 gigawatts by 2025 from a portfolio of 6 gw now, which includes projects that are under construction.