Adani Green Energy isIndia’s first renewable energy company to join the Utilities for Net Zero Alliance – EQ
Ahmedabad : Adani Green Energy Ltd (AGEL), India’s largest renewable energy company,has joined the Utilities for Net Zero Alliance (UNEZA) aiming to accelerate the development of renewables and clean energy solutions. AGEL is the first renewable energy company in India to join this international platform. As a member of UNEZA, AGEL will focus on several areas like buildout of clean power, enhancementof energy security and improvement of energy efficiency.
UNEZA is an international platform for enhancing the co-operation within the power and utilities sector to accelerate the adoption of renewables and overcome common barriers in the realisation of global net zero ambitions.
Operating under the guidance of the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions, UNEZA was established at COP28 with the adoption of the UAE Declaration of Action. The Alliance unites leading global utilities and power companies with the aim of spearheading the development of renewable energy ready grids, promoting clean energy solutions, and advancing electrification efforts.
“Joining the Utilities for Net Zero Alliance givesus theopportunity to collaborate with global peerson advancing sustainability goals,driving innovation and acceleratingthe clean energy transition,” said Mr Sagar Adani, Executive Director, AGEL. “As India’s largest renewable energy player,we are committed to deliver 50 GW by 2030 and contribute 10% of the nation’s non-fossil-fuel energy goal by that year.”
Adani Green Energy aims to achieve Net Zero by 2050 and plans to increase its renewable energy portfolio fromits current operational capacity of 11.2 GW to 50 GW by 2030. The company is developing the world’s largest renewable energy plant with a capacity of 30 GW at Khavda in Kutch, Gujarat. Built across 538 sq km, it is almost five times the size of Paris and, on completion, it will be the planet’s largest power plant across energy sources.
About Adani Green Energy
Adani Green Energy Ltd (AGEL) is India’s largest and one of the leading renewable energy companies in the world enabling the clean energy transition. AGEL develops, owns, and operates utility scale grid-connected solar, wind, hybrid and hydro pumped storage renewable power plants. AGEL currently has an operating renewable portfolio of 11.2 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling largescale adoption of affordable clean energy. AGEL is developing the world’s largest renewable energy plant (30 GW) on barren wasteland at Khavda, Gujarat, covering 538 square kilometers,an area five times larger than Paris. AGEL’s operating portfolio is certified ‘water positive for plants of more than 200 MW capacity’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment to power sustainable growth.
