Indian cement manufacturer Ambuja Cement, a subsidiary of the Adani Group, has revealed an ambitious plan to invest INR 60 billion (US$72 million) in adding 1GW of solar and wind generation capacity to power its cement production facilities. The renewable lineup includes a 600MW solar PV project and a 150MW wind project in Gujarat, along with a 250MW solar PV project in Rajasthan.
Ambuja Cement aims to achieve the addition of 1GW of solar and wind generation capacity by the 2026 financial year. Additionally, the company has set a target to reach 200MW of renewable capacity by March 2024.
Ajay Kapur, CEO of the Adani Group's cement business, highlighted that the move to integrate renewables aligns not only with Ambuja's growth trajectory but also with the national objective of decarbonization.
In parallel, the Adani Group's renewables development arm, Adani Green Energy, recently secured a significant US$1.36 billion debt facility to support the development and construction of large-scale projects, particularly at the Khavda renewable park in Gujarat.
The initial plan for Khavda involves adding 2.2GW of capacity, with further expansions anticipated. Adani Green Energy has set an ambitious target of installing 45GW of renewable generation capacity by 2030.
