Adani group hikes green energy spending to $100 bn

Adani Group will invest more than $100 billion in energy transition projects, upping its earlier commitment of $70 billion by 2030.
It is building a renewable energy park in Khavda, Gujarat, among other clean energy projects. This facility, which it claims to be the world’s largest single-site renewable energy park, will generate 30 GW of power, thereby taking its total green energy capacity to 50 GW by 2030. Energy transition from fossil fuels to clean sources like solar, wind and hydrogen will “change the global energy landscape forever”, said the group’s chairman Gautam Adani.
Adani Group wants to produce the “world’s least expensive green electron” to become the feedstock for several sectors that must meet the sustainability mandate, Adani said at Crisil Ratings’ infrastructure summit. In 2022, fossil fuel producer Reliance Industries announced that it will plow $76 billion towards clean energy projects.
Adani said data centres that house AI clouds will be the largest energy consuming industry in the world.
“We already have India’s largest order book for data centres and are now in discussions for additional gigawatt-scale green AI data centres,” Adani said.