On Tuesday billionaire Gautam Adani disclosing the infrastructure conglomerate’s green vision said his group is going to invest in renewable energy generation and component manufacturing about $20 billion over the next 10 years and will world’s cheapest green electron will be produced by his group.
Over the next four years, it is being planned by the port-to-energy conglomerate to triple its renewable power generation capacity including green hydrogen production. By the year 2025, all data centres with renewable energy are going to turn their ports into net carbon zero and over 75 percent of expenditure is going to be spent till 2025 on green technologies.
“The $20 billion investment will be in renewable energy generation, component manufacturing, transmission, and distribution,” said the chairman of Adani Group speaking at the JP Morgan India Investor Summit.
Adani’s vision for an investment size of $20 billion and the cheapest green electron has been outlined on Tuesday as he says that no company in the world is building a renewable power portfolio on the scale the Adani group is doing. 4,920 MW of operational renewable energy generation capacity and 5,124 MW under execution is currently with the group and has also been confirmed 9,750 MW pipeline nd another 4,500 MW. Over the coming four years, renewable power generation will be tripled by 21 percent now to a high of 63 percent and India will be marked as the biggest and youngest middle class that has ever existed among place in the world’s top four countries in terms of market capitalization.
Adani said in the meeting, only 3 percent of the extra carbon has been accounted for in India from pre-industrial times until now in the atmosphere and will end up at less than 8 percent of the entire remaining carbon budget.