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Adani Group to invest $100 billion in Green Energy Projects, says Gautam Adani

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Gautam Adani
 
Adani Group has committed to invest more than $100 billion in green energy projects to accelerate energy transition, and in enhancing manufacturing capacity to produce all the major components required for generation of green energy. In order to achieve this, the conglomerate, apart from building solar parks and wind farms, is also building major facilities to manufacture electrolysers for making green hydrogen, wind power turbines and solar panels.
Green hydrogen is made by splitting hydrogen from water with the help of electrolysers powered by clean energy. This is seen as a potential panacea for decarbonising the industry as well as transportation.
Gautam Adani, Chairman of Adani Group has asserted that energy transition and digital infrastructure are trillion-dollar opportunities which has a potential to transform India at a local as well as a global scale. He said, “The next decade will see us invest more than $100 billion in the energy transition space and further expand our integrated renewable energy value chain that today already spans the manufacturing of every major component required for green energy generation,” while speaking at ‘Infrastructure – the Catalyst for India’s Future’ event of Crisil.
Adani highlighted that affordable green energy is needed by several sectors in order for them to become sustainable. And to enable this, the company is building the world’s largest single-site renewable energy park in Khavda village of Kutch district in Gujarat. This renewable energy park will generate 30 GW power, which will take the total renewable energy capacity of Adani Group to 50 GW by 2030.
Adani believes that energy transition will fundamentally change the global energy landscape. He said, “The global transition market was valued at approximately $3 trillion in 2023 and is expected to grow to nearly $6 trillion by 2030, and thereafter double every 10 years till 2050.”
“As many of you know, in the case of India, our country aims to install 500 gigawatts of renewable energy capacity by 2030. This ambitious target will require annual investments of over $150 billion dollars. The transition to green energy in India is expected to generate millions of new jobs in sectors such as solar and wind, energy storage, hydrogen and its derivatives, EV charging stations, as well as grid infrastructure development,” he added.

Digital Infrastructure

On digital infrastructure, Adani remarked that data is the new oil. This makes Data Centre the heart of all the action, as there is an increasing need for ability to process data at an unprecedented speed and scale. However, this will require massive amounts of energy making data centre business among the highest consumers of energy in the world.
“This makes the energy transition even more complex and is raising electricity prices, thereby adding to the already high prices because of the combined impact of climate change and demand growth,” Adani said.
Gautam Adani said, the infrastructure required for energy transition and the infrastructure required for digital transformation are now inseparable as the technology sector becomes the largest consumer of the precious green electrons.
“In fact, it is anticipated that by the year 2030, the world will need 100 to 150 GW of additional green energy just for the AI data centres. We already have India’s largest order book for data centres and are now in discussions for additional gigawatt-scale green AI data centres which we are uniquely positioned to deliver,” he said.