Adani takes over Ambani, invest $ 20 billion in renewable energy, get into hydrogen

The port-to-energy company plans to triple its renewable energy capacity over the next four years, invest in green hydrogen production, upgrade all data centers with renewable energy, and convert the doors into net carbon zero by 2025. He said capital expenditure by green technologies will be 75 percent by 2025.

Speaking at the JP Morgan India Investment Summit, Adani Group Chairman said the $ 20 billion investment will be in renewable energy, physical production, transmission and distribution.

“Our integrated value chain, scale and experience will put us on the road to becoming the least expensive green electronics manufacturer in the world,” said Adani Group.

The announcement comes just weeks after Indian billionaire Muksh Ambani announced his investment In three years, 75,000 kroner ($ 10 billion) in clean energy and hydrogen fuel.

Many saw the June 24 announcement as a direct competition for the petrochemical czar with Adani, the second richest man in the renewable energy sector for many years.

According to Ambani this month, hydrogen could be produced at $ 1 per kilogram of renewable energy in ten years.

Hydrogen does not emit carbon dioxide and can be used as fuel in industry and in cars.

And on Tuesday, Adani unveiled his vision for a $ 20 billion investment and the cheapest green electrons.

No one in the world is building a renewable energy portfolio as far as the Adani team is concerned.

The team currently has 4,920 megawatts of renewable energy and another 5,124 megawatts. It has 9,750 MW and another 4,500 MW certified pipeline.

We are already the largest solar energy producer in the world when it comes to the projects we are generating, under construction and contracting. We have done this in two years and we have reached our first target of 25 GW in all four years of renewable portfolio. It is well on our way to becoming the world’s largest renewable energy company by 2030, ”he said.

This, he said, would open up many new ways, including “to unite us to become one of the world’s largest green hydrogen producers.”

He did not elaborate on the plans for hydrogen production.

Our actions clearly indicate that we are putting our money where our mouths are – by 2025, more than 75 percent of the planned capitals will be in green technologies. Today, 43% of our EBITs are already in the green business. »

The group will triple its renewable energy potential over the next four years – from 21 percent to 63 percent.

He said he would invest more than $ 20 billion in renewable energy, physical production, distribution and distribution over the next 10 years.

By 2025, we will be the first port business to reach zero. This trade is determined by SBTi 1.5-way.

It will also be the first Indian data center company to renew all its data centers by 2030.

In other businesses, Adani said, the focus will be on infrastructure that is inadequate and critical to nation building.

We are now India’s largest private sector power producer, the largest private port operator, the largest private airport operator, the largest private consumer of gas and electricity business, the largest private transmission company and the largest infrastructure developer in renewable energy.

The group is expanding into neighboring sectors and developing new businesses. He develops in-depth knowledge of each of his businesses and then grows in organic and purchasing power.

“Over the past eight years, we have acquired more than $ 50 billion in assets,” he said.

Adani Group’s plans for digital business include airport facilities, entertainment facilities, e-commerce and logistics capabilities, aviation-dependent industry and metropolitan developments, he said.

Adani said India would have the largest and smallest middle class in the next two decades. Over the next decade, market capitalization will be among the top four in the world. This is an effort that we must make.

He said India is driven by domestic companies and international businesses committed to being truly local and operational.

However, if the epidemic is not enough, there is still another challenge ahead and India needs to play a bigger role. A.D. If the crisis in 2001 was a point-and-shoot bubble and “If there was a housing crisis in 2007, and if the crisis was a pandemic in 2020, we must now face and manage the climate change crisis together.”

Managing the climate crisis requires that every country in the world be more united than ever before and work together.

Critics of climate change in countries such as India should keep in mind that the economic and industrial power of the Western world has been on the deep carbon footprint for centuries. One hundred years ago, today’s climate change activists were burning more than 800 million metric tons. Coal – That is more than the coal that India produces today, ”he said.

From pre-industrial times to the present, India accounts for only 3 percent of the world’s carbon emissions and ultimately loses less than 8 percent of its remaining carbon budget.

This story was published by Wire Agency without any changes to the text. Only topic changed.

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