Indian Economy News

Adani Group to invest US$ 100 billion in a decade, focus on energy transition

  • IBEF
  • September 28, 2022

Mr. Gautam Adani, Adani Group Chairman, has announced "game-changing" plans to turn India into an energy exporter and committed that the company will invest an additional US$ 100 billion over the next ten years.

"In addition to our existing 20 GW renewables portfolio, the new business will be augmented by another 45 GW of hybrid renewable power generation spread over 100,000 hectares—an area 1.4 times that of Singapore”, said Mr. Gautam Adani.

Mr. Adani claims that the energy industry utilises more energy than any other industry in the world, thus the decision to develop green data centres is a differentiator that will change the game.

The company will construct consumer-based super-apps that will bring the hundreds of millions of Adani's B2C consumers on one common digital platform and connect these data centres through a series of terrestrial and globally connected subsea cables drawn at the ports.

The company is also developing a 10 GW integrated wind-turbine manufacturing plant, a 5 GW hydrogen electrolyser factor, and a 10 GW silicon-based photovoltaic value chain that will be backward-integrated from raw silicon to solar panels.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.