Green hydrogen, powered by clean energy-driven electrolyzers, is seen as a potential solution for decarbonizing industry and transportation. Adani Group's chairman, Gautam Adani, stated that energy transition and digital infrastructure are trillion-dollar opportunities that will transform India globally and locally.
In a landmark move that underscores India's commitment to sustainable development, the Adani Group has announced plans to invest more than $100 billion (around Rs 8,340 crore) in energy transition projects and manufacturing capabilities. This ambitious endeavor aims to position India as a global leader in the production of every major component required for green energy generation.
Gautam Adani, the Chairman of the Adani Group, emphasized the tremendous potential of energy transition and digital infrastructure, stating that these are trillion-dollar opportunities that will transform India both locally and globally. "The next decade will see us invest more than USD 100 billion in the energy transition space and further expand our integrated renewable energy value chain," he said.
The Adani Group's investment strategy encompasses a diverse array of green energy initiatives, including the construction of solar parks to harness the power of the sun, the development of wind farms to capture the energy of the wind, and the establishment of major facilities to manufacture electrolyzers for producing green hydrogen. This innovative approach to clean energy generation is poised to revolutionize the way India meets its sustainability goals.
"The global transition market was valued at approximately USD 3 trillion in 2023 and is expected to grow to nearly USD 6 trillion by 2030, and thereafter double every 10 years till 2050," Adani noted, highlighting the immense potential of the energy transition space.
India's ambitious target of installing 500 gigawatts of renewable energy capacity by 2030 will require annual investments of over $150 billion. The Adani Group's commitment to this endeavor is a testament to the company's vision and its belief in India's ability to lead the global charge towards a more sustainable future.
Furthermore, the Adani Group's digital infrastructure plans are equally impressive, with the group aiming to leverage its expertise in data centers to support the energy-intensive digital revolution. "It is anticipated that by the year 2030, the world will need 100 to 150 GW of additional green energy just for the AI data centres. We already have India's largest order book for data centres and are now in discussions for additional gigawatt-scale green AI data centres which we are uniquely positioned to deliver," Adani stated.
This holistic approach to sustainable development, encompassing both energy transition and digital infrastructure, positions the Adani Group as a driving force in India's transformation into a global hub of green and innovative technology. As the country continues to attract international attention and investment, the Adani Group's ambitious plans serve as a shining example of India's commitment to a cleaner, more prosperous future.