The funding for Adani Group's green energy project comes at a time when the transition to renewable energy was highlighted as a key issue at the ongoing Conference of Parties (COP28) climate summit.
India will scale up and accelerate the pace with which it is increasing its share of renewable energy. Further, it will help boost the development of green hydrogen within the country.
As of now, AGEL has signed a pact for a total of 6000 MW of green power generation with SECI. The remaining 2000 MW pact will be sealed in the coming 2-3 months.
While the Modi government’s successful actions to address climate change in India have become a template for various governments globally, especially in the developing world, the achievements have been under-appreciated in India.