70% committed to integrated green hydrogen-based value chain
The Adani Group will invest over US$100 billion of capital in the next decade, 70% of which will be for the Energy Transition space, chairman Gautam Adani told the Forbes Global CEO Conference in Singapore on 27 Sept 2022.
“We are already the world’s largest solar player, and we intend to do far more. In this context, Adani New Industries is the manifestation of the bet we are making in the energy transition space,” he said.
He underlined the group’s commitment to invest US$70 billion in an integrated green hydrogen-based value chain.
“Therefore, in addition to our existing 20 GW renewables portfolio, the new business will be augmented by another 45 GW of hybrid renewable power generation spread over 100,000 hectares of land,” he said.
This will lead to commercialization of three million metric tons of green hydrogen.
“This multi-fold business will see us build 3 giga factories in India,” he said.
“We are in the process of building a 10 GW silicon-based photo-voltaic value-chain that will be backward-integrated from raw silicon to solar panels, a 10 GW integrated wind-turbine manufacturing facility, and a 5 GW hydrogen electrolyser factory,” said Adani.
“Today, we can confidently state that we have line of sight to first, become one of the least expensive producers of the green electron, and thereafter, the least expensive producer of green hydrogen. It is an absolute game changer for India and opens up the unprecedented possibility that India could one day become a net energy exporter.”
He also highlighted the group’s ambitions in the space of Digital Transformation.
Adani pointed out that the Indian Data Center market is witnessing explosive growth. This sector consumes more energy than any other industry in the world and therefore the group’s move to build green data centers is a game changing differentiator.
“We will interconnect these data centers through a series of terrestrial and globally linked undersea cables drawn at our ports and build consumer based super-apps that will bring the hundreds of millions of Adani’s B2C consumers on one common digital platform.
“Once done, the monetization possibilities are endless,” he added.
The group has also just finished building the world’s largest sustainability cloud that already has a hundred of solar and wind sites running on it – all off a single giant command and control center that will soon be augmented by a global A-I lab.
“These are just a few of the adjacencies that are being mainstreamed at our digital businesses at Adani,” he said.
He informed that the group’s market cap stands at US$260 billion, this growth is faster than any company ever in India. fiinews.com
