Will Invest $100bn over the next decade: Adani

27 September, 2022 | Pranay Lad

adani Headlines

The size of business choices also reflects a nation’s level of confidence. In the case of the Adani Group, this has been the case as we gain from India’s growth. Adani Group Chairman Ga...

The size of business choices also reflects a nation’s level of confidence. In the case of the Adani Group, this has been the case as we gain from India’s growth. Adani Group Chairman Gautam Adani stated.

“This positivity gives me wind in my sails, and it has helped us become the most valuable company in India. My faith in India growth story is fueled by this passion. Indians consider the sky’s blue colour to represent the infinite. India’s time has come, and a democracy whose time has come cannot be halted, according to Adani.

“Approximately in the next ten years, the Group will invest over $100 billion in capital. 70% of this funding has been set aside for the energy transition sector. We are already the most significant 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.

In an address at the Forbes Global CEO conference in Singapore, Adani pledged to invest 70 billion dollars in an integrated hydrogen-based value chain.

Therefore, the young enterprise 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 Giga factories in India as a result of this multifaceted company, Adani claimed.

We are currently constructing a 10 GW integrated wind turbine manufacturing facility, a 5 GW hydrogen electrolyser factory, and a backwards-integrated photovoltaic value chain using silicon that will start with raw silicon and work its way up to solar panels.

Today, we can safely 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 the country could one day become a net energy exporter, according to Adani.