Gautam Adani Says Group Will Supply 60% Renewable Power To Mumbai By 2027
Adani Electricity will provide 60% renewable electricity to Mumbai by 2027, setting a global record for a large city, group Chairman Gautam Adani said on Wednesday.
Highlighting the green initiatives of the group's power distribution firm, he said in a post on X that this Diwali, Adani Electricity achieved a landmark by powering Mumbai entirely with 100% renewable energy.
As world leaders gather for @COP28_UAE, Adani Electricity stands out with its green initiatives. We are on course to provide 60% renewable electricity to Mumbai by 2027, setting a global record for a major city. Currently, over 38% of our supply is green. This Diwali, we achieved… pic.twitter.com/Tm1inhBrxd
December 6, 2023Earlier on Nov. 13, the company announced that Adani Electricity Mumbai made history on Diwali by powering the city with 100% renewable electricity for four hours from 10 a.m. to 2 p.m. "This is the first time that a major Indian city has been powered entirely by renewable energy for such a long period of time."
Adani Electricity Mumbai achieved this feat by using a combination of solar and wind energy from its renewable energy portfolio.
The 'Green Diwali' initiative was launched by Adani Electricity Mumbai to raise awareness and encourage people to switch to green energy sources.
In 2023, the company claims to have successfully satisfied up to 38% of its consumers' electricity requirements from renewable sources, and targets 60% by 2027. "By harnessing renewables, we take a giant leap toward reducing the carbon footprint of our beloved city."
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
