Gautam Adani on EV Transition

In May 2020 Adani Green won the world's largest solar bid — an $6 billion, 8,000 MW photovoltaic plant from Solar Energy Corporation of India — with Adani Solar adding 2,000 MW of cell and module manufacturing. The pivot from thermal to renewables was sudden and headline-grabbing, positioning Adani as a green-energy champion alongside his coal assets.

Adani Green Energy Ltd (AGEL) was established in 2015 and listed in 2017, becoming what the company describes as India's largest and a global leader in utility-scale renewable energy. The 2016 Kamuthi 648 MW solar plant in Tamil Nadu, then one of the world's largest, signaled the group's renewable pivot — running in parallel with thermal expansion, not replacing it.

Adani Green signed what the company claims is the world's largest green PPA with SECI in 2021, ranking among the largest solar developers and renewable energy companies globally. APSEZ's Rs 6,200 crore acquisition of Gangavaram Port unlocked India's eastern hinterland, extending the port network into new cargo catchments.