Adani Group to Invest $9bn in Green Hydrogen for Export
POWER & RENEWABLE ENERGY

Adani Group to Invest $9bn in Green Hydrogen for Export

Adani Group has announced a substantial investment of $9 billion in green hydrogen projects in Gujarat, India, with a significant focus on the export market. This initiative is part of Adani's broader strategy to become a global leader in green hydrogen production and export.

The project will be based in the coastal town of Mundra, leveraging the region's existing port infrastructure. Adani aims to produce green hydrogen using renewable energy sources, predominantly solar and wind power, to achieve a sustainable and environmentally friendly production process.

Green hydrogen, which is produced through electrolysis using renewable energy, is seen as a crucial element in the global shift towards decarbonization. It has a wide range of applications, including in the industrial sector, transportation, and energy storage, making it a versatile and promising energy source.

Adani's investment in green hydrogen aligns with the Indian government's ambitious goals to reduce carbon emissions and increase the share of renewables in the country's energy mix. The company plans to establish an integrated value chain, from renewable energy generation to hydrogen production and distribution, ensuring cost efficiencies and competitive pricing in the global market.

This venture is expected to create significant employment opportunities and contribute to the economic development of the region. Adani Group's commitment to green hydrogen not only supports India's renewable energy targets but also positions the country as a key player in the global hydrogen economy. The project is anticipated to commence operations by 2028, with phased developments over the coming years, reinforcing Adani's vision of sustainable growth and energy transition.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Adani Group has announced a substantial investment of $9 billion in green hydrogen projects in Gujarat, India, with a significant focus on the export market. This initiative is part of Adani's broader strategy to become a global leader in green hydrogen production and export. The project will be based in the coastal town of Mundra, leveraging the region's existing port infrastructure. Adani aims to produce green hydrogen using renewable energy sources, predominantly solar and wind power, to achieve a sustainable and environmentally friendly production process. Green hydrogen, which is produced through electrolysis using renewable energy, is seen as a crucial element in the global shift towards decarbonization. It has a wide range of applications, including in the industrial sector, transportation, and energy storage, making it a versatile and promising energy source. Adani's investment in green hydrogen aligns with the Indian government's ambitious goals to reduce carbon emissions and increase the share of renewables in the country's energy mix. The company plans to establish an integrated value chain, from renewable energy generation to hydrogen production and distribution, ensuring cost efficiencies and competitive pricing in the global market. This venture is expected to create significant employment opportunities and contribute to the economic development of the region. Adani Group's commitment to green hydrogen not only supports India's renewable energy targets but also positions the country as a key player in the global hydrogen economy. The project is anticipated to commence operations by 2028, with phased developments over the coming years, reinforcing Adani's vision of sustainable growth and energy transition.

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000