You are here: Home » Companies » News
Business Standard

Adani Group commits 70% capex until 2030 to energy transition

Adani is incubating the first Indian data center company that will power all its data centers by renewable power by 2030.

Adani Group | Capex | energy sector

Press Trust of India  |  New Delhi 


Port-to-energy conglomerate will invest over USD 50-70 billion in renewable energy value chain over the next decade and the group firms have committed 70 per cent of planned until 2030 to the energy transition, its billionaire chairman Gautam Adani said on Tuesday.

Speaking to business leaders on the sidelines of the UK's Global Investment Summit at the London Science Museum, he made a plea for equitable and pragmatic policies in the battle against climate change and recommended setting practical goals and agendas.

Hydrogen, he said, is a game-changer and the group's green energy portfolio will expand to become one of the world's largest green hydrogen producers.

"Green policies and climate action not based on equitable growth will struggle in the long run," he was quoted as saying in a statement issued by

Decision-makers, he said, must consider the voices of the vulnerable when developing climate strategies and mitigation measures.

He also suggested that a collaborative approach was needed wherein developed nations, which have emitted more greenhouse gases over time, shoulder greater responsibility and propose policies and targets that fairly address the needs of the developing world.

"We are putting money where our mouth is," said Adani, "And the portfolio of Adani are leading the way with investment plans."

Adani Group's logistics utility APSEZ has committed to the 1.5-degree pathway through SBTi (Science Based Targets initiative) as has AGEL, Adani's renewable energy company.

Adani Transmission has also made the same commitment and the other portfolio are working towards committing to the 1.5-degree pathway.

Adani is also incubating the first Indian data center company that will power all its data centers by renewable power by 2030.

Furthermore, AGEL will triple its renewable power generation capacity over the next four years a scale and speed unmatched by any company in the world. AGEL is also consolidating its position as the world's largest solar power developer, having achieved its initial target of 25GW four years ahead of schedule.

"This transformation has multiple dimensions that will impact not just the world of energy but also the world of chemicals, plastics, mobility, computing, and metals," Adani said.

Achieving the vision of a greener world will heavily depend on the ability to produce hydrogen, which is both a source of energy and a feedstock for several downstream products that we use in our daily lives."

This is what makes the world of energy transition so disruptive with the possibility to create completely new industries. "The is uniquely positioned across the entire value chain that will be reshaped in the years to come," he said.

Adani said over the next decade his group in the energy and utility business will invest over USD 20 billion in renewable energy generation.

"The overall organic and inorganic investments across the entire green energy value chain will range between USD 50 billion and USD 70 billion. Over 70 per cent of its planned until 2030 will be in sustainable technologies," he said.

This includes investments with potential partners for electrolyzer manufacturing, backward integrations for component manufacturing to secure the supply chain for the solar and wind generation businesses, and AI-based utility and industrial cloud platforms.

"When combined with India's cost and locational advantages, this will enable Adani to produce the world's least expensive green electron and be on track to become the world's largest renewable power portfolio by 2030," he said adding this will lay the foundation for Adani Group to become one of the largest green hydrogen producers in the world.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, October 19 2021. 18:56 IST