New Delhi, India, September 8, 2025 – The Adani Group, led by industrialist Gautam Adani, has unveiled an ambitious plan to invest $60 billion (approximately ₹5.34 lakh crore) by FY32 to transform India’s power sector, with a strong emphasis on clean energy, power generation, and transmission infrastructure. Announced on September 7, 2025, this landmark investment aims to bolster India’s position as a global leader in renewable energy while addressing the nation’s surging electricity demand. With a diversified portfolio spanning solar, wind, thermal, and transmission, the Adani Group is poised to drive India’s energy transition and capitalize on a $500 billion market opportunity.
A Bold Vision for India’s Energy Landscape
The Adani Group’s $60 billion investment is strategically allocated across its key subsidiaries to scale renewable energy, enhance thermal power capacity, and modernize transmission networks. Adani Green Energy Limited (AGEL), the group’s renewable energy arm, will invest $21 billion by FY30 to triple its capacity from 14.2 GW in FY25 to 50 GW, reinforcing its leadership in utility-scale solar and wind projects. Notably, AGEL is developing the world’s largest renewable energy park at Khavda, Gujarat, which recently added 250 MW of wind capacity, bringing its operational capacity to 2,250 MW.
Adani Power, India’s largest private thermal power producer, will channel $22 billion by FY32 to expand its capacity from 17.6 GW to 41.9 GW, balancing renewable variability with reliable coal-based power. Meanwhile, Adani Energy Solutions Limited (AESL) will invest $17 billion to extend its transmission network from 19,200 km to 30,000 km by FY30, supporting India’s growing energy needs.
Fueling India’s Power Market Growth
India’s electricity market is among the world’s fastest-growing, with installed capacity projected to soar from 475 GW in FY25 to 1,000 GW by FY32, reflecting an 11% CAGR. This growth, driven by urbanization, industrialization, electric vehicles, and data centers, presents a $500 billion investment opportunity. In renewables, India ranks fourth globally with 172 GW of installed capacity, expected to reach 571 GW by FY32, fueled by a $300 billion market potential. Solar power alone is set to add over 23 GW in FY25.
Thermal power remains critical, with capacity projected to grow from 247 GW to 309 GW by FY32, requiring an additional 80 GW of coal-based plants and $91 billion in investments. “Coal remains the backbone of India’s baseload power, delivering stable supply amid rising demand and renewable variability,” Adani Power noted in its investor presentation. Additionally, India’s transmission network is expected to expand from 494,000 km to 648,000 km by FY32, offering a $110 billion investment avenue.
Strategic Investments Across Subsidiaries
The Adani Group’s investment strategy is segmented across its flagship companies:
- Adani Green Energy (AGEL): With a $21 billion investment, AGEL aims to scale its renewable portfolio to 50 GW by FY30, up from 15,816 MW in Q1 FY26, driven by solar, wind, and hybrid projects. Its Khavda project is a cornerstone of India’s clean energy ambitions.
- Adani Power: A $22 billion investment will nearly double its capacity to 41.9 GW by FY32, with operations spanning Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, Tamil Nadu, and a 40 MW solar project in Gujarat.
- Adani Energy Solutions (AESL): Investing $17 billion, AESL will expand its transmission network to 30,000 km by FY30, enhancing grid reliability with smart metering and cooling solutions.
The following chart illustrates the projected growth of India’s power sector:
| Sector | FY25 Capacity (GW) | FY32 Capacity (GW) | Investment Opportunity ($ Bn) |
|---|---|---|---|
| Renewable Energy | 172 | 571 | 300 |
| Thermal Power | 247 | 309 | 91 |
| Transmission Network (km) | 494,000 | 648,000 | 110 |
Source: Adani Group Investor Presentation, September 2025
Strengthening Regional and Global Footprint
Beyond India, the Adani Group is expanding its clean energy presence regionally. In August 2025, Adani Power signed a Shareholders Agreement with Bhutan’s Druk Green Power Corporation to develop a 570 MW hydroelectric project, with an investment of ₹6,000 crore. This partnership underscores the group’s commitment to sustainable energy solutions across South Asia.
Financially, the Adani Group is on solid footing, reporting a consolidated EBITDA of over ₹90,000 crore in FY25, with Q1 FY26 setting a record high. This financial strength supports its aggressive investment plans and positions it to capture a significant share of India’s $500 billion energy market.
Competitive Edge and Future Outlook
The Adani Group’s diversified approach—balancing renewables, thermal power, and transmission—sets it apart in a competitive landscape that includes players like Tata Power and NTPC. Its focus on technology, such as waterless robotic cleaning systems for solar panels, enhances operational efficiency and sustainability. As India aims for energy self-reliance, the Adani Group’s $60 billion investment is a transformative step toward a cleaner, more resilient power ecosystem.
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Last Updated on Monday, September 8, 2025 4:19 pm by Startup Magazine Team
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