Adani Group to launch India’s biggest wind turbine
According to media reports, Adani group is gearing up to put up a prototype of a 5.2 MW wind turbine at Mundra, Gujarat. When it does come up, it would be the country’s biggest wind turbine, and will count among the largest onshore machines in the world.
The machine will be built with technology from W2E Wind to Energy GmbH of Germany, and the machine would be manufactured by a company set up by the Adani family. The manufacturing unit will also be located at Mundra. The idea is to put up a prototype, check-out the machine and then get into scale manufacturing, for self-consumption, sales in India and exports.
The 5.2 MW machine that W2E Wind has in its portfolio, has blades that would describe a circle of 165 meters in diameter and can sit on towers 140 meters high. It can work at wind speeds of 3 metres per second (which is very low) and up to 20 mps, reaching its optimum power production at 12 mps wind speeds, according to the report.
Adani Green aims to build 45 GW of renewable energy capacity by 2030, three times its current portfolio.
For some time, the Adani group has been trying to get into the manufacture of wind turbines and has had conversations with the now-insolvent Regen Powertech, Inox and Suzlon for a possible takeover.
International Holding Company to Invest USD 2 Billion In Adani Groups Green Portfolio
International Holding Company PJSC (IHC), the Abu Dhabi based conglomerate, will invest USD 2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL), according to a press release.
Mr Sagar Adani, Executive Director, AGEL, said “We are delighted to commence this inter-generational relationship with IHC. We are deeply committed to the shared vision and values of investment in sustainable infrastructure, green energy and energy transition. This is a landmark transaction and marks a start of a wider relationship between The Adani Group and IHC and attracting further investment from UAE into India.”
The three Adani companies – AGEL, ATL and AEL – are market leaders in their business sectors and span the Adani Group’s green portfolio. Every one of these three businesses has the core aspects of ESG woven into their operations. This investment is testament to the IHC’s and the Adani Portfolio’s shared vision and commitment of investing in sustainable companies that are leading the charge in energy transition.
Mr Syed BasarShueb, CEO and Managing Director of IHC, said “This will be a long-term investment in India as the country is driving much innovation globally, including the green energy sector. The opportunity to earn a compelling return on investment in green energy has never been greater. We are confident that Adani companies will play a significant role in unleashing India’s total green energy potential, reflecting positively on our shareholders’ commitment.”