India's Adani Green to Raise $1.12 Bln to Expand Renewable Capacity by 2023
Feb 05,2024 | DAXTROMNSOLAR
Indian renewable energy company Adani Green plans to raise $1.12 billion to expand its capacity in the renewable energy sector by 2023. The company aims to become the world's largest renewable energy generator by 2030. Adani Green plans to increase its solar and wind power capacity to 25 gigawatts (GW) by 2025, from the current 15.2 GW. The funds raised will be used to finance the construction of new projects and repay existing debt.
Adani Green's expansion plans align with India's target of achieving 450 GW of installed renewable energy capacity by 2030. The company has demonstrated significant growth in recent years and aims to continue on this trajectory. The renewable energy sector offers great potential for both economic and environmental benefits, creating jobs and reducing carbon emissions.
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