+
Adani Group to invest $20 bn in RE generation for next 10 years
POWER & RENEWABLE ENERGY

Adani Group to invest $20 bn in RE generation for next 10 years

Adani Group CEO Gautam Adani told the media that the company will invest $20 billion in renewable energy generation and component manufacturing for the next 10 years along with production of cheap green electrons.

The port-to-energy conglomerate intends to triple its renewable power generation capacity over the next four years, enter green hydrogen production, power all data centres with renewable energy, make its ports carbon-neutral by 2025, and invest more than 75% of capital expenditure in green technologies until 2025.

The $20 billion investment will be in renewable energy generation, component manufacturing, transmission, and distribution, Adani Group chairman said at the JP Morgan India Investor Summit.

The company currently operates 4,920 MW of renewable energy generation capacity and is building another 5,124 MW.

Adani Group owns a pipeline of 9,750 MW confirmed and another 4,500 MW likely to win contracts. Over the next four years, the company plans to more than triple its renewable energy generation capacity, from 21% now to 63%.

Adani Group will be India's first data centre firm to power all of its facilities with renewable energy by 2030.

In terms of other ventures, Adani asserted that the main focus will remain on underserved infrastructure sectors that are critical to the nation's development.

The company would also expand into adjacent industries and start new businesses. It will build deep operational expertise in each of its businesses before aggressively expanding organically and through acquisitions.

In terms of digital business, he said that the Adani Group's plans for airport-centred growth include entertainment facilities, e-commerce and logistics capabilities, aviation-dependent industries, and smart city developments.

Adani claims that India will have the largest and youngest middle class in history over the next two decades.

It will be among the top four countries in terms of market capitalisation over the next decade.

Image Source


Also read: Andhra University set to launch solar thermal power project in campus

Adani Group CEO Gautam Adani told the media that the company will invest $20 billion in renewable energy generation and component manufacturing for the next 10 years along with production of cheap green electrons. The port-to-energy conglomerate intends to triple its renewable power generation capacity over the next four years, enter green hydrogen production, power all data centres with renewable energy, make its ports carbon-neutral by 2025, and invest more than 75% of capital expenditure in green technologies until 2025. The $20 billion investment will be in renewable energy generation, component manufacturing, transmission, and distribution, Adani Group chairman said at the JP Morgan India Investor Summit. The company currently operates 4,920 MW of renewable energy generation capacity and is building another 5,124 MW. Adani Group owns a pipeline of 9,750 MW confirmed and another 4,500 MW likely to win contracts. Over the next four years, the company plans to more than triple its renewable energy generation capacity, from 21% now to 63%. Adani Group will be India's first data centre firm to power all of its facilities with renewable energy by 2030. In terms of other ventures, Adani asserted that the main focus will remain on underserved infrastructure sectors that are critical to the nation's development. The company would also expand into adjacent industries and start new businesses. It will build deep operational expertise in each of its businesses before aggressively expanding organically and through acquisitions. In terms of digital business, he said that the Adani Group's plans for airport-centred growth include entertainment facilities, e-commerce and logistics capabilities, aviation-dependent industries, and smart city developments. Adani claims that India will have the largest and youngest middle class in history over the next two decades. It will be among the top four countries in terms of market capitalisation over the next decade. Image SourceAlso read: Andhra University set to launch solar thermal power project in campus

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code