Adani Green Energy Limited (AGEL), India’s largest renewable energy company, and Adani Energy Solutions Limited (AESL), the country’s largest private transmission and distribution firm, have announced their membership in the Utilities for Net Zero Alliance (UNEZA). This international platform aims to enhance collaboration within the power and utility sector, accelerating the adoption of renewable energy and addressing common barriers to achieving global net zero goals.
The International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions guided the establishment of UNEZA following the UAE Action Declaration at COP28. The alliance brings together leading global utilities and power companies to advance the development of renewable energy-ready grids, promote clean energy solutions, and support electrification efforts.
First Indian Members in Their Sectors
AGEL and AESL are the first companies in their respective sectors from India to join this global initiative. As a UNEZA member, AGEL will concentrate on creating clean energy, enhancing energy security, and improving energy efficiency. Meanwhile, AESL will intensify its efforts to develop reliable grid infrastructure for the transmission and distribution of green energy.
Ambitious Targets for 2030
Sagar Adani, Executive Director of AGEL, stated, “Joining the Utilities for Net Zero Alliance provides an opportunity to collaborate with global peers to advance sustainability goals, promote innovation, and accelerate the clean energy transition. As India’s largest renewable energy company, we are committed to delivering 50 GW by 2030 and contributing 10 percent to the country’s non-fossil fuel energy target by that year.”
He added that AESL aims to leverage insights from global peers to build high-capacity renewable energy evacuation networks, which are critical for the company’s ambitious renewable energy plans.
Commitment to Net Zero by 2050
Both AGEL and AESL have set a target to achieve net zero by 2050. Adani Green Energy plans to expand its renewable energy portfolio from its current operational capacity of 11.2 GW to 50 GW by 2030. The company is also developing the world’s largest renewable energy plant, with a capacity of 30 GW in Khavda, Kutch, Gujarat. Covering 538 square kilometers, the plant will be approximately five times the size of Paris when completed.
For its Mumbai operations, Adani Energy Solutions aims to increase the share of renewable energy in bulk power purchases to 70 percent by 2030 and reduce its direct emissions by 72.7 percent during the same period. As part of its investment in renewable energy, AESL is constructing a USD 1 billion high-voltage direct current (HVDC) line to ensure an uninterrupted renewable energy supply for Mumbai.
