Adani Group Commits $100 Billion to Energy Transition Gautam Adani

21 Jun, 2024

Adani Group Commits $100 Billion to Energy Transition Gautam Adani

Green hydrogen, derived by electrolyzing water using clean energy, is hailed as pivotal for decarbonizing industries and transportation. Gautam Adani, chairman of Adani Group, highlighted at the 'Infrastructure - the Catalyst for India's Future' event by Crisil, the transformative potential of energy transition and digital infrastructure as trillion-dollar opportunities for India's global and local impact.

Adani Group announced plans to invest over USD 100 billion (about Rs 8,340 crore) in energy transition projects. This includes establishing solar parks and wind farms, alongside manufacturing facilities for essential components like electrolyzers for green hydrogen production, wind turbines, and solar panels.

Green hydrogen's capability to substantially reduce carbon emissions positions it as a crucial technology for achieving sustainability objectives across various sectors. Gautam Adani's remarks underscore Adani Group's dedication to advancing India's energy sector, aiming to solidify the country's leadership in renewable energy innovation and infrastructure development.