Adani Group Announces $100 Billion Investment in Green Energy Transition Over 10 Years

The Adani Group, a leading Indian conglomerate with diverse interests, has announced a groundbreaking $100 billion investment over the next decade for a comprehensive shift to green energy.

This initiative aligns with the conglomerate's commitment to environmental responsibility, with five subsidiaries, including Adani Green Energy, aiming for net-zero carbon emissions by 2050. Headquartered in Ahmedabad, the Adani Group's ambitious agenda involves not only a substantial financial commitment but also a pledge to plant 100 million trees by 2030. The conglomerate's strategy includes actively sourcing renewables, electrifying operations, adopting biofuels, and implementing waste heat recovery and energy storage technologies across its portfolio.

Notably, the Adani Group is developing a hydrogen fuel cell electric truck in collaboration with Ashok Leyland and Ballard Power, with an anticipated launch this year. The conglomerate's focus on creating a green hydrogen ecosystem in Gujarat, leveraging its large-scale renewables experience and integrated manufacturing capabilities, is expected to drive down costs and enhance the viability of green hydrogen adoption. The Adani Group's bold commitment to sustainability, as reflected in its environmental stewardship statement, is positioned as a pivotal moment in corporate responses to climate change, setting a precedent for the broader business community.

Source: The Economic Times