The Adani Group, led by Gautam Adani, is planning to invest over $100 billion (around Rs 8,340 crore) in projects aimed at transitioning to green energy and boosting manufacturing capabilities for green energy components. This was announced by Gautam Adani at the ‘Infrastructure – the Catalyst for India’s Future’ event organised by Crisil on Wednesday.
Focus on Renewable Energy
The company’s investment will focus on developing solar parks, wind farms, and facilities to produce electrolyzers for green hydrogen, wind turbines, and solar panels. Green hydrogen, made by splitting hydrogen from water using clean energy, is seen as a promising solution for reducing carbon emissions in industries and transport.
Gautam Adani highlighted that the energy transition and digital infrastructure are enormous opportunities that could transform India on both a local and global scale. Over the next decade, the Adani Group plans to expand its renewable energy chain, aiming to produce the world’s cheapest green energy, or “green electron,” which will be vital for various sectors needing to meet sustainability goals.
World’s Largest Renewable Energy Park
A major part of this initiative includes building the world’s largest single-site renewable energy park in Khavda, Kutch, Gujarat. This site alone will generate 30 gigawatts (GW) of power, bringing the group’s total renewable energy capacity to 50 GW by 2030. Adani believes this transition will significantly change the global energy market, which was valued at around $3 trillion in 2023 and could grow to $6 trillion by 2030, potentially doubling every decade until 2050.
India aims to install 500 GW of renewable energy by 2030, requiring annual investments of over $150 billion. This green energy push is expected to create millions of new jobs in fields like solar and wind power, energy storage, hydrogen production, electric vehicle charging stations, and grid infrastructure.
Data Centres and Digital Infrastructure
On digital infrastructure, Gautam Adani pointed out that data is now as crucial as oil, and data centres are essential for processing data for advanced technologies like AI. However, these centres need vast amounts of energy, making the energy transition more complex and driving up electricity costs.
Adani explained that the infrastructure for energy transition and digital transformation are now closely linked, as the technology sector becomes the biggest consumer of green energy. The Adani Group is planning to develop various digital services, including industrial clouds, cybersecurity, consumer apps, AI labs, and data centres, which will support the digital revolution that relies on green energy.
Future Demand for Green Energy
By 2030, it is expected that AI data centres worldwide will require 100 to 150 GW of additional green energy. The Adani Group already holds India’s largest order book for data centres and is negotiating for more large-scale green AI data centres.
Overall, the Adani Group’s significant investments in green energy and digital infrastructure aim to play a crucial role in India’s journey towards a sustainable future.
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