Adani Group Plans USD 60 Billion Energy Expansion by FY32, Boosting Renewables and Transmission Network

The Gautam Adani-led Adani Group is gearing up for a massive USD 60 billion investment in India’s power sector by FY32, with a sharp focus on renewable energy, generation, and transmission.

According to an investor presentation, Adani Power will drive USD 21 billion of this plan by FY30, scaling renewable energy capacity to 50 GW from the current 14.2 GW. Adani Green Energy Ltd (AGEL), the renewables arm of the group, develops and operates large-scale solar and wind farms that will anchor this expansion.

Adani Energy Solutions Ltd (AESL) is set to invest USD 17 billion in strengthening transmission and distribution infrastructure. The company, already managing 19,200 km of transmission lines, aims to expand its network to 30,000 km by FY30, catering to the country’s surging energy demand. AESL’s portfolio spans power transmission, smart metering, distribution, and cooling solutions.

Another USD 22 billion will be deployed through Adani Power by FY32, boosting its total capacity to 41.9 GW from 17.6 GW in FY25. Adani Power, India’s largest private thermal power producer, currently operates plants across eight states, along with a 40 MW solar project in Gujarat.

The group highlighted India’s robust energy outlook, where installed power capacity is projected to rise from 475 GW in FY 25 to 1,000 GW by FY32, reflecting an 11 percent CAGR. The sector offers over USD 500 billion in investment opportunities.

Renewables are expected to account for 571 GW by FY32, up from 172 GW in FY 25, offering a USD 300 billion opportunity. Meanwhile, thermal capacity will climb to 309 GW, with an additional 80 GW of coal-fired plants required to support base load needs. Adani Power underscored that coal will remain essential for grid stability and peak demand management despite the rapid scale-up in renewables.

India’s transmission network is also set for significant expansion, targeted to grow from 4,94,000 km in FY25 to 6,48,000 km by FY32, representing a USD 110 billion investment opportunity..