Among other investment plans, Adani said that his group plans to raise renewable portfolio by another 45 GW of hybrid renewable power generation and invest USD 70 billion in integrated green hydrogen-based value chain
Adani Group will invest more than USD 100 billion in the next decade, Chairman Gautam Adani, the world’s second-richest person, told a Forbes Global CEO Conference in Singapore. “As a group, we will invest over USD 100 billion of capital in the next decade,” he said this week.
“We have earmarked 70 per cent of this investment for the energy transition space. We are already the world’s largest solar player, and we intend to do far more,” he added.
While laying out the investment roadmap, Adani said that the real ‘India growth story’ is just starting.
“This is the best window for companies to embrace India’s economic resurgence and the incredible multi-decade tailwind the world’s largest and most youthful democracy offers. India’s next three decades will be the most defining years for the impact it will have on the world,” he added.
Among other investment plans, Adani said that his group plans to raise renewable portfolio by another 45 GW of hybrid renewable power generation and invest USD 70 billion in integrated green hydrogen-based value chain.
It will also build 3 Giga factories – one for a 10 GW silicon-based photovoltaic 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.
“Today, we can confidently state that we have a line of sight to first – become one of the least expensive producers of the green electron – and thereafter – the least expensive producer of green hydrogen,” he said.
On digital transformation, Adani said that the Indian Data Center market is witnessing an explosive growth but consumes more energy than any other energy. He said that building green data centres will be a game-changer.
“We will interconnect these data centers through a series of terrestrial and globally linked undersea cables drawn at our ports and build consumer based super-apps that will bring the hundreds of millions of Adani’s B2C consumers on one common digital platform. Once done, the monetisation possibilities are endless,” he said.