Adani group companies will invest over $50 billion to $70 billion across its green energy value chain as it aims to become the world’s top renewable energy producer by 2030.
Addressing the inaugural of the The Indus Entrepreneurs Sustainability Summit virtually on Monday, Adani Group Chairman Gautam Adani has said that the investments, to be made over the next decade, would be part of the organic and inorganic growth plans of the group.
The group’s renewable energy portfolio had reached the initial target of 25 GW, four years ahead of the schedule, he added.
“We are tripling our solar power generation capacity over the next four years. This is a rate of growth currently unmatched by any other company anywhere on the planet,” Adani said.
Hydrogen is a game changer and Adani’s green energy portfolio will expand to become one of the world’s largest green hydrogen producers, said Gautam Adani.
Adani said he is confident that his conglomerate’s integrated value chain, scale, and experience puts it on the road to be the producer of the least expensive “green electron” anywhere in the world.
Stating that renewable energy landscape offered a huge opportunity for entrepreneurs, he said technologies such as artificial intelligence and cloud platforms, will play a huge role in disrupting existing business models in the energy space.