Adani Green Energy, part of Indian conglomerate Adani Group, has announced a significant investment plan totalling Rs2.3tn ($27.6bn) to expand its green energy production.

The investment, as reported by the Hindu Business Line, will be channelled until 2030 to enhance the company’s solar and wind power generation capacity.

Adani Green Energy managing director Vneet Jaain stated: “We are committed to investing Rs1.5tn in solar and wind power generation at Khavda, Gujarat, to increase our capacity to 30GW from the current 2GW.”

Adani Green Energy plans to invest a further Rs500bn in similar renewable projects across the country.

The investments are part of the company’s broader strategy to reach an operating portfolio of 45GW by 2030, a significant increase from its current capacity of 10.9GW.

Adani Green’s current portfolio includes 7.3GW of solar, 1.4GW of wind and 2.1GW of wind-solar hybrid capacity.