Adani Group to invest $100 bn in green energy over 10 yrs
POWER & RENEWABLE ENERGY

Adani Group to invest $100 bn in green energy over 10 yrs

The Adani Group will invest more $100 billion in the next decade, with a substantial amount going into energy transition, group chairman Gautam Adani on Tuesday, announcing "game-changing" plans that he claimed could make India a net energy exporter.

The group has earmarked 70 per cent of its new investments for energy transition and infrastructure. "We are already the world’s largest solar player, and we intend to do far more. Adani New Industries is the manifestation of the bet we are making in the energy transition space. It is our commitment to invest $70 billion in an integrated Hydrogen-based value chain," Adani said at the Forbes Global CEO conference in Singapore.

"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. This will lead to commercialisation of three million metric tons of green hydrogen." This business will see the Adani Group building three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolysers in India.

"We are in the process of building a 10 GW silicon-based photo-voltaic value-chain that will be backward-integrated from raw silicon to solar panels, a 10 GW integrated wind-turbine manufacturing facility, and a 5 GW hydrogen electrolyser factory," he said.

See also:
Brookfield plans to increase India's capacity for green energy
Reliance New Energy owns 20% stake in Caelux


The Adani Group will invest more $100 billion in the next decade, with a substantial amount going into energy transition, group chairman Gautam Adani on Tuesday, announcing game-changing plans that he claimed could make India a net energy exporter. The group has earmarked 70 per cent of its new investments for energy transition and infrastructure. We are already the world’s largest solar player, and we intend to do far more. Adani New Industries is the manifestation of the bet we are making in the energy transition space. It is our commitment to invest $70 billion in an integrated Hydrogen-based value chain, Adani said at the Forbes Global CEO conference in Singapore. 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. This will lead to commercialisation of three million metric tons of green hydrogen. This business will see the Adani Group building three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolysers in India. We are in the process of building a 10 GW silicon-based photo-voltaic value-chain that will be backward-integrated from raw silicon to solar panels, a 10 GW integrated wind-turbine manufacturing facility, and a 5 GW hydrogen electrolyser factory, he said. See also: Brookfield plans to increase India's capacity for green energyReliance New Energy owns 20% stake in Caelux

Next Story
Resources

KEC International Wins New Orders worth Rs. 12.36 Billion

KEC International, a global infrastructure EPC major and an RPG Group Company, has secured new orders worth Rs. 12.36 billion (bn) across various sectors.Transmission & Distribution (T&D):KEC has secured transmission line and substation orders in the Middle East (UAE and Kuwait) and a substation order from a private TBCB player in India.Civil:A residential project order from a leading private developer in Western India strengthens KEC’s presence in the civil sector.Transportation:The company has also secured an order in the prestigious Train Collision Avoidance System (TCAS) segment ..

Next Story
Infrastructure Urban

Finance Minister to Launch NITI NCAER States Economic Forum Portal

Union Finance Minister Nirmala Sitharaman is set to launch the "NITI NCAER States Economic Forum" portal on 1st April 2025 in New Delhi. Developed collaboratively by NITI Aayog and the National Council of Applied Economic Research (NCAER), the portal will serve as a comprehensive repository of economic, social, and fiscal data spanning over 30 years (1990-91 to 2022-23). Key Features of the Portal The platform is structured into four main components: State Reports: Provides macro and fiscal overviews of 28 Indian states, featuring data on demography, economic structure, socio-economic indic..

Next Story
Infrastructure Energy

IREDA’s Loan Sanctions Surge 27% to Rs 474.53 Bn in FY 2024-25

The Indian Renewable Energy Development Agency Limited (IREDA) has reported a 27% increase in loan sanctions, reaching Rs 474.53 billion for FY 2024-25, as per provisional data. Loan disbursements also saw a 20% rise to Rs 301.68 billion, up from Rs 250.89 billion in the previous fiscal year. Additionally, the outstanding loan book expanded by 28%, standing at Rs 762.5 billion as of March 31, 2025, compared to Rs 596.98 billion in FY 2023-24. IREDA’s Commitment to Renewable Energy Growth Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, emphasized the company’s commitment to t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?