Business
By Amit - September 27, 2022
New Delhi6 minutes ago
Adani Group will invest $100 billion (about Rs 8.13 lakh crore) in the next 10 years. Most of the investment in this will be on green energy production. This is to say of Gautam Adani, the chairman of Adani Group and third in the list of the richest people of Forbes. Forbes organized the 20th ‘Global CEO Conference’ today i.e. on Tuesday. Here Adani told the future investment plan of the company.
70% investment in energy transition space
Adani said, “As a group, we will invest $100 billion. 70% of this (about Rs 5.69 lakh crore) will be invested in the energy transition space. We are at the top in the solar industry, we would like to touch even greater heights in the future.
He said the company will invest $70 billion in an integrated hydrogen-based value chain. Their major focus is on expanding the energy transition space.
Will now produce energy up to 45GW
The company is currently working on 20 GW (20GW) of renewable energy ie green energy production. Over the next decade 45GW of hybrid renewable power will be generated. It will be spread over an area of one lakh hectares.
Will build 3 giga factory in India
Adani Group will commercialize 3 million metric tonnes of green energy. 3 Giga factories will also build in India. The company is also building a 10GW silicon based photovoltaic value chain. Joe Roe will also be connected to silicon to solar panels, 10GW of integrated wind mill making and a 5GW hydrogen electrolyzer factory.
India will become an energy exporter
Adani said that they are focusing on producing green electrons and green hydrogen at low cost. If the experiment is successful, it will prove to be a game changer in India. This will open the avenues for exporting energy in India. Due to this, the identity of the country will soon be established as an energy exporter.
Digital transformation will take more energy
On the group’s digital transformation, Adani said that the data center market in India is growing very fast. But, compared to any other energy, it takes the most energy. In such a situation, building a green data center will be a big achievement.
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