Adani Group to invest over $50-70 billion in renewable energy value chain
21st Oct 2021

Adani Group is planning to invest over $50-70 billion in renewable energy value chain over the next decade and the group firms have committed 70 per cent of planned capex until 2030 to the energy transition. Adani Transmission has also made the same commitment and the other portfolio companies are working towards committing to the 1.5-degree pathway. Adani is also incubating the first Indian data center company that will power all its data centers by renewable power by 2030.

Furthermore, Adani Green Energy will triple its renewable power generation capacity over the next four years-- a scale and speed unmatched by any company in the world. Adani Green Energy is also consolidating its position as the world’s largest solar power developer, having achieved its initial target of 25GW four years ahead of schedule. This transformation has multiple dimensions that will impact not just the world of energy but also the world of chemicals, plastics, mobility, computing, and metals.

The overall organic and inorganic investments across the entire green energy value chain will range between $50 billion and $70 billion. Over 70 per cent of its planned capex until 2030 will be in sustainable technologies. This includes investments with potential partners for electrolyzer manufacturing, backward integrations for component manufacturing to secure the supply chain for the solar and wind generation businesses, and AI-based utility and industrial cloud platforms.

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises.