AGEL and AESL become first in their respective segments to join the Utilities for Net Zero Alliance
Adani Green Energy Ltd. (AGEL) and Adani Energy Solutions Ltd. (AESL) have joined the Utilities for Net Zero Alliance (UNEZA), a global initiative promoting renewable energy and grid development. AGEL aims for 50 GW renewable capacity by 2030, while AESL targets a 72.7% emission reduction by 2030. Both companies align with India’s clean energy transition goals.
Adani Green Energy Ltd. (AGEL) and Adani Energy Solutions Ltd. (AESL), both significant players in India’s renewable energy and power transmission sectors, have become the first companies in their respective fields to join the Utilities for Net Zero Alliance (UNEZA).
According to Adani, UNEZA is an international coalition guided by the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions. Established at COP28 with the UAE Declaration of Action, the alliance aims to foster global collaboration in promoting renewable energy, grid development, and clean energy solutions.
AGEL and AESL are part of the diverse Adani portfolio, with AGEL recognized as India’s largest renewable energy company and AESL as the country’s largest private transmission and distribution entity. Both companies have pledged to achieve Net Zero by 2050, aligning with India’s broader energy transition goals.
AGEL’s focus within UNEZA will include expanding clean energy, enhancing energy security, and improving efficiency. Sagar Adani, Executive Director of AGEL, stated, “Joining the Utilities for Net Zero Alliance provides an opportunity to collaborate with global peers on sustainability goals, drive innovation, and accelerate the clean energy transition. As India’s largest renewable energy player, we aim to deliver 50 GW by 2030 and contribute 10% of the nation’s non-fossil fuel energy target by that year.”
AGEL is working on the world’s largest renewable energy plant in Khavda, Gujarat, which will have a capacity of 30 GW across 538 sq. km, an area nearly five times the size of Paris.
AESL, focused on improving grid reliability for renewable energy transmission, aims to reduce direct emissions by 72.7% by 2030. The company is advancing major infrastructure projects, including a USD 1 billion high-voltage direct current (HVDC) line to ensure a steady supply of renewable power to Mumbai.
Anil Sardana, Managing Director of AESL, highlighted the significance of joining UNEZA, stating, “By joining the Utilities for Net Zero Alliance, AESL can leverage the experience of global peers while sharing its own insights into building high-capacity renewable energy evacuation networks.” He emphasized, “Given the Adani Portfolio’s ambitious renewable energy plans, establishing reliable evacuation networks for uninterrupted renewable energy offtake is crucial.”
Adani Green Energy aims to increase its renewable energy capacity from the current 11.2 GW to 50 GW by 2030. Meanwhile, Adani Energy Solutions intends to raise the share of renewable energy in its bulk power purchases for Mumbai to 70% by 2030 and is also targeting a 72.7% reduction in direct emissions compared to 2020 levels.
As part of its infrastructure investment, AESL is developing a USD 1 billion HVDC line to ensure a continuous renewable energy supply to Mumbai.
Recommended for you
