Adani Group invests Rs 1.47 trillion in renewable energy and enters the green hydrogen market

The Adani Group will invest Rs 1.47 trillion in the renewable energy supply chain, including power generation, manufacturing, transmission, and distribution, over the next ten years, and produce the world’s cheapest green electron.   By 2025, Adani Group plans to triple its renewable power generation capacity, produce green hydrogen, power its data centres with renewable energy, and make its ports carbon-neutral.  Till 2025, the company intends to devote more than 75 per cent of its capital investment to green technologies. In addition, by 2030, the company aims to be the first in India to power all of its data centres with renewable energy.

Adani Group presently has 12.5 GW of installed thermal power capacity and another 7 GW capacity has been planned. In May 2021, Adani Green Energy Limited acquired SB Energy’s renewables portfolio totalling 4.9 GW at the enterprise value of Rs 255 billion. With this, it became the largest renewable energy firm in India with a cumulative 25 GW of developed and under construction renewable energy projects.

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