Key facts
- Adani Group plans to develop 10 GW of nuclear power capacity by 2035.
- The group established Adani Atomic Energy (AAEL) to manage its nuclear power ventures.
- This initiative aims to support India's growing electricity demand and decarbonization goals.
- Adani Group also targets 3 GW of data center capacity by 2030.
- The conglomerate plans to invest over 2 trillion rupees ($23 billion) in its power generation portfolio over five years.
India's Adani Group has announced plans to develop 10 GW of nuclear power capacity by 2035, establishing Adani Atomic Energy (AAEL) as a dedicated subsidiary. This move aims to support India's rising electricity demand and decarbonization objectives, with Chairman Gautam Adani emphasizing its role in securing the nation's energy future. The group plans to invest over 2 trillion rupees ($23 billion) in its power generation portfolio over the next five years, targeting 45 GW by the 2031-32 financial year, encompassing thermal, renewable, and hydroelectric assets. Adani's nuclear target aligns with India's national goal of increasing installed nuclear capacity to 100 GW by 2047 from the current 8.8 GW. The conglomerate is also exploring public-private partnerships for small modular reactors (SMRs) and aims for 3 GW of data center capacity by 2030.