Adani Group Joins The Utilities For Net Zero Alliance, To Aid India’s Decarbonization Mission – EQ
In Short : The Adani Group has joined the Utilities for Net Zero Alliance (UNZA), reinforcing its commitment to supporting India’s decarbonization goals. As part of this global coalition, the Adani Group aims to accelerate the transition to clean energy by focusing on renewable energy projects, reducing emissions, and adopting sustainable practices. This move aligns with India’s broader mission to achieve net zero emissions by 2070 and emphasizes Adani’s role in contributing to the nation’s energy transition and environmental sustainability.
In Detail : Gautam Adani led conglomerate Adani Group’s companies Adani Green Energy Limited (AGEL), and Adani Energy Solutions Limited (AESL) tuesday announced that they have joined the Utilities for Net Zero Alliance (UNEZA). AGEL in renewable energy and AESL in T&D sector – have become the first in their respective segments in India to join this global alliance, the conglomerate said.
Executive Director at AGEL Sagar Adani said, “Joining the Utilities for Net Zero Alliance, gives an opportunity to collaborate with global peers on advancing the sustainability goals, drive innovation and accelerate the clean energy transition. 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.”
Meanwhile, Anil Sardana, the Managing Director of AESL said, “By joining Utilities for Net Zero Alliance, AESL will be able to leverage the experience of its global peers and in turn share its own insights into building high-capacity renewable energy evacuation networks. Given the Adani Portfolio’s ambitious renewable energy plans, it is crucial for AESL to establish reliable evacuation networks for uninterrupted renewable energy offtake.”
“Both AGEL and AESL aim to achieve Net Zero by 2050.” said Adani Group, adding, “Adani Green Energy plans to increase its renewable energy portfolio from the 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.”
Adani Group further stated, “For its Mumbai distribution arm, Adani Energy Solutions has set a target to increase the share of renewables in bulk power purchase to 70% by 2030. Additionally, the company aims to reduce its direct emissions by 72.7% by 2030, relative to 2020 levels.”
What is the Utilities for Net Zero Alliance?
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.
