Adani Group’s Mundra Cluster Joins WEF Initiative, Targets 25 GW Renewable Energy and Green Hydrogen by 2040

Three Adani portfolio companies — Adani Enterprises Ltd (AEL), through its subsidiary Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ), and Ambuja Cements Ltd — have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, forming the Adani Mundra Cluster. This strategic move is aimed at fostering collaboration between co-located companies to drive economic growth, generate employment, and accelerate decarbonization efforts by 2050.

Mundra, which began its port operations in 1993, has evolved into India’s largest port and a key industrial hub. The Adani Mundra Cluster will host industries ranging from solar module and wind turbine manufacturing to cement production, a sector that is particularly challenging to decarbonize.

APSEZ has pledged to power all port operations with renewable electricity by 2025 and achieve net-zero emissions by 2040. Ambuja Cements is set to establish a new unit at Mundra, designed to be the world’s lowest-emission cement production facility, in line with its goal of net-zero emissions by 2050.

In a groundbreaking development, the Adani Mundra Cluster will become one of the world’s largest integrated green hydrogen hubs, with an initial planned capacity of 1 Million Metric Tonnes Per Annum (MMTPA) of green hydrogen production by 2030, scaling up to 3 MMTPA by 2040. The cluster will feature an integrated value chain with 10 GW of solar modules, 5 GW of wind turbines, and 5 GW of electrolyser manufacturing capacity, supported by robust port infrastructure. Green hydrogen derivatives, such as ammonia, will also be produced within the cluster.

Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements, emphasized the importance of this initiative, stating, “The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping decarbonize the hard-to-abate sectors of the Indian economy and reduce the country’s dependency on energy imports.”

Roberto Bocca, Head of the Centre for Energy and Materials at the World Economic Forum, welcomed the Adani Mundra Cluster, noting that it is one of the first two industrial clusters in India to join the initiative. “By leveraging Gujarat’s renewable energy capacity, the cluster is poised to become a leading green hydrogen hub in South Asia,” he said.

The World Economic Forum has played a key role in facilitating collaboration among stakeholders through workshops and strategic meetings, further advancing the Adani Mundra Cluster’s decarbonization and economic growth objectives.