New Delhi: Adani Group will invest more than USD 100 billion (about Rs 835 crore) in energy transition projects and manufacturing capacity to produce every key component required for green energy generation, its chairman said on Wednesday.
In addition to building solar parks and wind farms to produce electricity from sunlight, the group is building major facilities to produce green hydrogen, wind power turbines and electrolysers to make solar panels.
Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing industry as well as transportation.
Speaking at CRISIL's 'Infrastructure - Catalyst for India's Future' event, Adani Group Chairman Gautam Adani said the energy transition and digital infrastructure are trillion-dollar opportunities that will transform India locally and globally.
He said, “Over the next decade we will invest more than US$100 billion in the energy transition and further expand our integrated renewable energy value chain, which today already includes the manufacturing of every key component required for green energy production.” extends up to.,
The coal-to-port group wants to produce "the world's least expensive green electrons" that will become the feedstock for a number of sectors that must meet sustainability mandates.
“And to do this, we are already building the world's largest single-site renewable energy park at Khavra in Kutch district (in Gujarat). This single location alone will generate 30 GW of power, bringing our total renewable energy Capacity up to 50 GW by 2030,” he said.
Adani said the energy transition sector will fundamentally change the global energy landscape forever.“The global infection market was valued at approximately US$3 trillion in 2023 and is expected to grow to approximately US$6 trillion by 2030, and then double every 10 years until 2050.”
“As many of you know, in the case of India, our country aims to install 500 GW of renewable energy capacity by 2030. This ambitious target will require an annual investment of over US$150 billion. India “The transition to green energy in the U.S. is expected to create millions of new jobs in sectors such as solar and wind, energy storage, hydrogen and its derivatives, EV charging stations, as well as grid infrastructure development,” he said.
On digital infrastructure, he said data is truly the new oil and at the center of all activity is the data center – the critical infrastructure required to meet all types of computational needs, particularly machine learning algorithms, natural language processing, AI workload vision for computers, and deep learning.It all hinges on the ability to process data at unprecedented speed and scale, which are the exact capabilities that data centers provide. However, this would require huge amounts of energy, making the data center business the largest energy-consuming industry in the world, he said.
“This has made the energy transition even more complex and is driving up electricity prices, further exacerbating already high prices due to the combined effects of climate change and demand growth,” Adani said.
The billionaire said the infrastructure needed for the energy transition and the infrastructure needed for digital transformation are now inseparable as the technology sector has become the largest consumer of precious green electrons.
Adani Group's digital footprint will span each of its businesses from industrial clouds that it will produce and then take to market, offering operational technology cyber security, leveraging its B2C businesses across a variety of consumer facing businesses. Super App for India's Artificial Intelligence Lab to Capitalize.The rapidly emerging expertise and data centers to provide AI services to the world will form the backbone of the energy-intensive digital revolution.
“In fact, it is estimated that by the year 2030, the world will need 100 to 150 GW of additional green energy just for AI data centers. We already have India's largest order book for data centers and now we “There are discussions for additional gigawatt-scale green AI data centers that we are uniquely positioned to deliver,” he said.
In addition to building solar parks and wind farms to produce electricity from sunlight, the group is building major facilities to produce green hydrogen, wind power turbines and electrolysers to make solar panels.
Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing industry as well as transportation.
Speaking at CRISIL's 'Infrastructure - Catalyst for India's Future' event, Adani Group Chairman Gautam Adani said the energy transition and digital infrastructure are trillion-dollar opportunities that will transform India locally and globally.
He said, “Over the next decade we will invest more than US$100 billion in the energy transition and further expand our integrated renewable energy value chain, which today already includes the manufacturing of every key component required for green energy production.” extends up to.,
The coal-to-port group wants to produce "the world's least expensive green electrons" that will become the feedstock for a number of sectors that must meet sustainability mandates.
“And to do this, we are already building the world's largest single-site renewable energy park at Khavra in Kutch district (in Gujarat). This single location alone will generate 30 GW of power, bringing our total renewable energy Capacity up to 50 GW by 2030,” he said.
Adani said the energy transition sector will fundamentally change the global energy landscape forever.“The global infection market was valued at approximately US$3 trillion in 2023 and is expected to grow to approximately US$6 trillion by 2030, and then double every 10 years until 2050.”
“As many of you know, in the case of India, our country aims to install 500 GW of renewable energy capacity by 2030. This ambitious target will require an annual investment of over US$150 billion. India “The transition to green energy in the U.S. is expected to create millions of new jobs in sectors such as solar and wind, energy storage, hydrogen and its derivatives, EV charging stations, as well as grid infrastructure development,” he said.
On digital infrastructure, he said data is truly the new oil and at the center of all activity is the data center – the critical infrastructure required to meet all types of computational needs, particularly machine learning algorithms, natural language processing, AI workload vision for computers, and deep learning.It all hinges on the ability to process data at unprecedented speed and scale, which are the exact capabilities that data centers provide. However, this would require huge amounts of energy, making the data center business the largest energy-consuming industry in the world, he said.
“This has made the energy transition even more complex and is driving up electricity prices, further exacerbating already high prices due to the combined effects of climate change and demand growth,” Adani said.
The billionaire said the infrastructure needed for the energy transition and the infrastructure needed for digital transformation are now inseparable as the technology sector has become the largest consumer of precious green electrons.
Adani Group's digital footprint will span each of its businesses from industrial clouds that it will produce and then take to market, offering operational technology cyber security, leveraging its B2C businesses across a variety of consumer facing businesses. Super App for India's Artificial Intelligence Lab to Capitalize.The rapidly emerging expertise and data centers to provide AI services to the world will form the backbone of the energy-intensive digital revolution.
“In fact, it is estimated that by the year 2030, the world will need 100 to 150 GW of additional green energy just for AI data centers. We already have India's largest order book for data centers and now we “There are discussions for additional gigawatt-scale green AI data centers that we are uniquely positioned to deliver,” he said.
