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

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?