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Adani Group chairman Gautam Adani on Tuesday said the conglomerate will invest over USD 75 billion in the energy transition space over the next five years, asserting that the country must do what is best for itself, define its own development path and resist external pressures. Speaking at the 100th foundation day of the Indian Institute of Technology (Indian School of Mines), Dhanbad, Adani said the group is building the world's largest renewable energy park at Khavda in Gujarat, spread over 520 sq km. "At full capacity by 2030, this park will generate 30 gw of green energy. At average household consumption, this is equivalent to powering over 60 million homes a year," he said. "With the first 10 GW already commissioned, we are on track to deliver the world's lowest-cost green electron, setting a global benchmark in energy transition," he added. Adani said India is the world's third-largest electricity consumer, but its per capita consumption remains "less than 1,400 kWh a year, l
Union New and Renewable Energy Minister Pralhad Joshi on Saturday said India has recorded the highest-ever addition of green energy capacity in the current financial year at 31.25 GW (Gigawatt), including 24.28 GW of solar power. Addressing the inaugural session of the Global Energy Leaders' Summit 2025 here, the minister also announced a 1.5 lakh rooftop solar ULA (Utility Led Aggregation) model for Odisha, which would benefit 7-8 lakh people across the state. The summit was inaugurated by Odisha Chief Minister Mohan Charan Majhi and attended by energy ministers of various states. After taking nearly 70 years to reach 1 TW (Terawatt) of renewable energy capacity in 2022, the world achieved 2 TW by 2024, Joshi said adding that the second terawatt was achieved in just two years. "India is a key driver of this explosive global surge in renewable energy. In just 11 years, the country's solar capacity has grown from 2.8 GW to around 130 GW, a rise of more than 4,500 per cent. Between 2
Andhra Pradesh IT Minister Nara Lokesh on Thursday said decarbonisation solutions company ReNew will invest Rs 82,000 crore spanning the entire spectrum of renewable energy value chain. The IT Minister noted that ReNew will invest in high technology areas such as solar ingot and water manufacturing, including project development, green hydrogen and molecules. "In an investment spanning Rs 82,000 crores, Renew will be investing in the high technology areas of solar ingot, wafer manufacturing, down to project development and onwards to green hydrogen and molecules," said Lokesh in a post on 'X'. "After five years out of Andhra Pradesh, it is my proud privilege to announce that Renew is placing an all-in investment on the entire renewable energy value chain," he said. On May 16, Lokesh laid the foundation for a Rs 22,000 crore ReNew renewable energy project in Anantapur district. It encompassed a 4.8 GWp hybrid farm with BESS (battery energy storage system) at Bethapalli village in Go
COP30 President Andre Corra do Lago has praised India and China for playing a transformative role in the global energy transition, saying both countries have embraced climate action "in a very clear way" and are driving down the cost of clean technologies worldwide. Addressing a press conference at the opening of COP30 in Belem, Brazil, do Lago said China has "embraced this agenda in an extraordinary way" by combining scale, technology and affordability, three crucial ingredients that have accelerated the world's progress towards cleaner energy systems. He said both China and India are shaping the future of the global energy transition. China has very advanced technology and has a scale that can only be compared to India. And India is somehow doing the same, because they also have brilliant companies and engineers and incredible people. They are going in the same direction, he said in response to a question on China's contribution to the fight against climate change Do Lago emphasi