These initiatives are set to bolster India's renewable energy sector, aligning with the nation's goal to install 500 gigawatts of renewable energy capacity by 2030.
Gautam Adani, Chairman of Adani Group, has unveiled a landmark commitment exceeding USD 100 billion towards energy transition projects and digital infrastructure. Speaking at the ‘Infrastructure – the Catalyst for India’s Future’ event hosted by Crisil, Adani outlined the conglomerate’s ambitious plans to expand renewable energy capabilities.
The investment will cover the establishment of solar parks and wind farms to harness sunlight and wind power respectively, alongside the development of major manufacturing facilities for electrolyzers producing green hydrogen, as well as wind turbines and solar panels. These initiatives are set to bolster India’s renewable energy sector, aligning with the nation’s goal to install 500 gigawatts of renewable energy capacity by 2030.
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Adani highlighted the transformative impact of this initiative, projecting it to generate millions of jobs across sectors such as solar and wind energy, energy storage, hydrogen production, EV charging infrastructure, and grid development.
In addition to the energy transition, Adani Group is set to introduce digital infrastructure with a substantial focus on data centres. Adani highlighted the pivotal role of data centres in powering digital transformation, emphasising their significant energy requirements for AI workloads and computational needs.
“This dual focus on energy transition and digital infrastructure is pivotal,” Adani remarked, noting the synergistic growth opportunities in both sectors. He emphasized that these investments are crucial for addressing global energy challenges and advancing India’s position in the digital economy.
Adani Group’s comprehensive strategy includes leveraging its digital footprint to deploy industrial clouds across various sectors, enhancing operational technology cybersecurity, introducing super apps for consumer-facing businesses, establishing AI labs, and expanding its data centre capabilities. Adani predicts that by 2030, the global demand for green energy to power AI data centres alone could reach 100 to 150 gigawatts.
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Adani noted its value at approximately USD 3 trillion in 2023, expected to nearly double by 2030 and continue expanding thereafter talking about the global scale of the energy transition market. He affirmed that these investments signify a fundamental shift in global energy force and Adani Group’s commitment to leading sustainable development and digital innovation in these fields.
(With inputs from PTI)
