19-April-2024
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Gautam Adani says Adani Group will invest over $100 billion in next decade
28-Sep-2022

India's Adani Group will invest more than $100 billion in the next decade, Chairman Gautam Adani, the world's third-richest person, told a Forbes Global CEO Conference in Singapore. Adani also claimed that India could one day become a net energy exporter, thanks to green hydrogen As much as 70 per cent of this investment will be in the energy transition space, Adani, the world's third-richest person, said as he continued to reveal bit by bit the group's new energy plans. The ports-to-energy conglomerate will add 45 gigawatts of hybrid renewable power generation capacity and build 3 Giga factories to manufacture solar panels, wind turbines and hydrogen electrolyser. "As a group, we will invest over $100 billion of capital in the next decade," he said this week. "We have earmarked 70% of this investment for the energy transition space. We are already the world's largest solar player, and we intend to do far more." The group will be investing over $100 billion in the next decade, 70% for the energy transition. It will also raise the renewable portfolio by another 45 GW of hybrid renewable power generation. Further, the group will invest $70 billion in the integrated green hydrogen-based value chain.

News Source:- https://economictimes.indiatimes.com/industry/renewables/worlds-2nd-richest-person-gautam-adani-says-adani-group-will-invest-over-100-bln-in-next-decade/articleshow/94472540.cms