- Adani Group plans to develop 10 GW of hydropower across Asia and Africa, targeting countries like Bhutan, Nepal, Kenya, Tanzania, and Vietnam.
- The company aims to build a 50 GW renewable energy portfolio by 2030, focusing on hydropower as a critical component alongside its existing solar and wind projects.
- Adani’s global expansion seeks to meet rising energy demands, diversify its assets, and secure long-term growth in emerging markets.
Adani Group plans to develop 10 GW of hydropower across Asia and Africa, boosting its renewable energy portfolio. The projects target countries like Bhutan, Nepal, Kenya, Tanzania, Vietnam, and the Philippines. This expansion aligns with Adani’s goal to achieve carbon neutrality by 2050 while growing its global presence in the renewable energy sector.
Adani aims to build a 50 GW renewable energy portfolio by 2030. The group’s current capacity is 11.2 GW, covering solar, wind, and hybrid projects. Hydropower will play a vital role in this strategy, particularly in regions with untapped potential.
In Bhutan, Adani signed an MoU with the government to develop a 570 MW hydropower plant in Chhukha. The group also studies a 700 MW project in Chamkarchu. In Nepal, Adani engages with developers to tap the country’s hydropower and connect it directly to the Indian grid, boosting energy security for both nations.
In Vietnam, Adani conducts feasibility studies for hydropower projects, strengthening its presence in the country’s energy sector. The company also explores sites in Kenya and Tanzania, two regions rich in hydropower potential but with underdeveloped infrastructure.
Adani’s expansion into international hydropower markets addresses growing electricity demand in emerging economies. It also diversifies the company’s portfolio, reducing risks associated with concentrating projects in India. By entering underdeveloped markets with rising energy demand, Adani seeks to secure long-term growth.
However, the group faces challenges, including regulatory hurdles, environmental issues, and land acquisition problems. Adani plans to leverage its expertise in large-scale infrastructure projects and existing partnerships to overcome these barriers.
With its rising energy consumption, India could benefit from the cross-border hydropower supply agreements with Nepal and Bhutan. These projects will contribute to India’s energy security, supporting its growing demand.
Adani commits to $70 billion in energy investments by 2030, emphasising its focus on renewable energy and strengthening its position as a global leader. Hydropower projects will play a central role in achieving this goal.
As Adani expands globally, it continues consolidating its presence in key markets. The hydropower ventures in Asia and Africa provide opportunities to access underutilised natural resources and meet the energy needs of fast-growing economies.
By investing in hydropower, Adani diversifies its renewable energy offerings and reinforces its leadership in the global energy sector. Countries in Asia and Africa looking for renewable sources for power generation will benefit from Adani’s initiatives as they transition to cleaner energy solutions.
Adani’s plan to develop 10 GW of hydropower highlights its commitment to renewable energy while reshaping the global energy landscape. The company’s aggressive growth strategy and its focus on sustainability position it as a critical player in the transition to a greener future.