Unfair stereotypical biases (e.g., gender, racial, or religious biases) encoded in modern pretrained language models (PLMs) have negative ethical implications for widespread adoption of state-of-the-art language technology. To remedy for this, a wide range of debiasing techniques have recently been introduced to remove such stereotypical biases from PLMs. Existing debiasing methods, however, directly modify all of the PLMs parameters, which -besides being computationally expensivecomes with the inherent risk of (catastrophic) forgetting of useful language knowledge acquired in pretraining. In this work, we propose a more sustainable modular debiasing approach based on dedicated debiasing adapters, dubbed ADELE. Concretely, we (1) inject adapter modules into the original PLM layers and (2) update only the adapters (i.e., we keep the original PLM parameters frozen) via language modeling training on a counterfactually augmented corpus. We showcase ADELE in gender debiasing of BERT: our extensive evaluation, encompassing three intrinsic and two extrinsic bias measures, renders ADELE very effective in bias mitigation. We further show that -due to its modular nature -ADELE, coupled with task adapters, retains fairness even after large-scale downstream training. Finally, by means of multilingual BERT, we successfully transfer ADELE to six target languages. * Equal contribution. † Most of the work was conducted while Anne Lauscher was employed at the University of Mannheim.