Adani takes on Ambani, to invest $20 billion in renewable energy; make foray into hydrogen
The Hindu
The Adani Group chairman said the USD 20 billion investment will be in renewable energy generation, component manufacturing, transmission and distribution.
Unveiling his infrastructure conglomerate’s green vision, billionaire Gautam Adani on Tuesday said his group will invest USD 20 billion over the next ten years in renewable energy generation and component manufacturing and will produce the world’s cheapest green electron.
The port-to-energy conglomerate plans to triple its renewable power generation capacity over the next four years, foray into green hydrogen production, power all data centres with renewable energy, turn its ports into net carbon zero by 2025, and plans to spend over 75% of capital expenditure until 2025 in green technologies, he said.
Speaking at the JP Morgan India Investor Summit, the Adani Group chairman said the USD 20 billion investment will be in renewable energy generation, component manufacturing, transmission and distribution.
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