Mr. Gautam Adani to build 3 giga factories in India as part of US$ 70 billion green investment

As part of a US$ 70 billion investment in green energy by 2030, Asia's richest man, Mr. Gautam Adani, announced that his ports-to-power conglomerate will construct three mega plants to produce solar panels, wind turbines, and hydrogen electrolyzers.

In order to beat all other renewable energy producers in the world by 2030, the Adani Group is increasing its investments throughout the green energy value chain.

The three giga factories for integrated solar PV modules that generate electricity from sunlight, electrolyzers that create hydrogen from water, fuel cells, and batteries that store energy from the grid, as well as 20 GW of solar energy capacity by 2025 for captive needs, will be supplemented by the new giga factory for power electronics.

Mr. Adani also outlined the requirements for US-India engagement, noting that the two countries' combined GDP is projected to reach a staggering US$ 70 trillion in 2050, or 35-40% of the global economy.

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