Vedanta invests $1 billion in green shift, targets 2.5GW RE capacity by 2030

Vedanta has invested over $1 bn in net-zero initiatives over the last five years, cutting emissions by 14% and increasing renewable energy use by 52%.

NEW DELHI: Vedanta on Wednesday said it has invested more than $1 billion in net-zero transition initiatives over the last five years, with increased use of renewable energy and measures to improve energy efficiency helping the mining and metals major cut its emissions.Vedanta said its renewable energy use rose 52% year-on-year to 4 billion units (400 crore units) in FY2025-26 – equivalent to the annual electricity consumption of around three crore Indian households.The company currently has nearly 2,000 MW of installed and contracted renewable energy capacity and plans to take its round-the-clock renewable energy capacity to 2.5 GW by 2030.The initiatives have helped Vedanta avoid around 36 million tonnes of CO2e emissions since FY2021, while greenhouse gas emissions intensity across its metals and mining operations has declined around 14% from the FY2020-21 baseline, the company said.Vedanta’s strategy involves both cutting emissions from its own operations and supplying metals needed for the clean-energy transition. Copper, aluminium, zinc, silver and steel are used in renewable power projects, transmission networks, electricity grids, solar equipment and energy storage.“The global transition to clean energy demands both sustainable materials and sustainable operations,” said Priya Agarwal Hebbar, non-executive director, Vedanta Ltd and chairperson, Hindustan Zinc Ltd.India has set a target of 500 GW of non-fossil fuel-based power capacity by 2030 and plans to achieve net-zero emissions by 2070.The expansion of renewable energy, transmission and storage is expected to drive demand for metals and minerals used in clean-energy infrastructure.