NEW DELHI: Adani Group Chairman Gautam Adani announced on Tuesday that the company will invest USD 100 billion over the following ten years, particularly in new energy and the digital sector, which includes data centres. The Adani Group is placing significant bets on India's economic story. The second-richest person in the world, Adani, indicated that up to 70% of this investment will go toward the energy transition space as he continued to gradually divulge the group's new energy ambitions.
This trust of a nation is also reflected in the scale of the decisions corporates make. This has been the case with the Adani Group as we benefit from a rising India, Gautam Adani, said.
"In the upcoming ten years, the Group will invest over USD 100 billion in capital. 70% of this funding has been set aside for the energy transition sector. We are already the biggest solar player in the world, and we want to achieve much more. Adani New Industries is the embodiment of our wager in the area of energy transition in this aspect. We have committed to investing 70 billion dollars in a comprehensive value chain based on hydrogen "At the Forbes Global CEO conference in Singapore, Adani made a speech.
Therefore, the new company will add 45 GW of hybrid renewable power generation distributed over 100,000 hectares, which is an area 1.4 times the size of Singapore, to our existing 20 GW renewables portfolio. Three million metric tonnes of green hydrogen will eventually be commercialised as a result of this. We will construct 3 gigafactories in India as a result of our multifaceted business, Adani said.
"We are currently constructing a 10 GW integrated wind-turbine manufacturing facility, a 5 GW hydrogen electrolyser factory, and a photovoltaic value chain based on silicon that will be backward-integrated from raw silicon to solar panels. Today, we can confidently say that we have a good chance of first being one of the cheapest producers of the green electron and then the cheapest producer of green hydrogen. It completely changes the game for India and creates the hitherto unimaginable possibility that India could one day become a net energy exporter"Adani added.
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