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The renewable energy park will also have a big role to play in supporting India's net zero journey. It will pave the path towards a more sustainable India. The project is also one of Adani Group's biggest moves amidst rumours of Adani scam.
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ADANI GROUP'S PLANS ON BUILDING THE LARGEST RENEWABLE ENERGY PARK IN INDIA: A HUGE STEP TOWARDS SUST
Adani Green Energy Limited, one of the most active subsidiaries of the Adani Group, has raised 3 billion to fulfil its dream of building the largest renewable energy park in India. This energy park is expected to boost the subsidiary's targets of increasing its operating renewable capacity to 45 G.W. by 2030. The renewable energy park will also have a big role to play in supporting India's net zero journey. It will pave the path towards a more sustainable India. The project is also one of Adani Group's biggest moves amidst rumours of Adani scam. AGEL has recently raised 1.36 billion from a consortium of 8 international financial institutions to fund the project's various operations
AN OVERVIEW OF THE LARGEST RENEWABLE ENERGY PROJECT The world's largest renewable energy park will be built at Khavda in Gujarat. This park will fulfil India's energy needs and offer our country the desired prosperity in the long run. The energy generated from the power plant will be supplied to the surrounding areas so that there is no hindrance to daily activities directly dependent on energy use. The industrial operations can also be performed smoothly. This is a big move by the Adani Group to reduce our country's dependence on the renewable energy sector. It will also bring an end to the rumours about the Adani scam.
WHY DID THE ADANI GROUP PLAN ON BUILDING THE KHAVDA ENERGY PARK? There are multiple reasons for the Adani Group to execute India's largest renewable energy park. The goals for the project were already discussed at the 28th United Nations Climate Change Conference as a pledge towards transitioning from renewable to non-renewable energy sources. It is also a great way of winning investors' trust after rumours of the Adani scam. Some lenders offering the loan include DBS Bank Society General Standard Chartered Bank, DBS Bank Ltd., Coöperatieve Rabobank U.A., and Sumitomo Mitsui Banking Corporation.