Adani Group targets 10 GW nuclear portfolio by 2035

Adani Group plans to build up to 10 GW of nuclear power capacity by 2035, marking its entry into India’s newly opened private nuclear energy sector and positioning itself as the country’s largest private-owned nuclear player. Gulf SWF’s including Abu Dhabi’s International Holding Company have previously poured bns in Adani’s renewable firms.

“Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India’s long-term energy future,” Chairman Gautam Adani said at the group’s annual general meeting. The conglomerate has already identified land for its proposed projects, but did not disclose locations.

Why it matters: India opened up nuclear power generation to private and foreign investment last year as a part of its plan to expand installed nuclear capacity to 100 GW by 2047, from around 8 GW currently. With the dissolution of the state’s monopoly on nuclear generation, Adani’s nuclear pivot is less about green optics and more about securing non-intermittent power for its digital infrastructure. The group also raised its data center target to 3 GW by 2030 — anchored by a landmark GW-scale project with Google — which will require massive, round-the-clock baseload power.

The Gulf angle: India and the UAE are planning to jointly develop large nuclear reactors and small modular reactors. This positions the conglomerate as an investment vehicle for cross-border joint ventures in small modular reactors to power the corridor’s high-growth AI and data center hubs.

ICYMI: State-run Nuclear Power Corporation of India aims to build 50 GW of capacity, while National Thermal Power Corporation has outlined plans for 30 GW.