The Adani Group plans to invest $100 billion in renewable energy and data centres over the next decade, according to the following findings

The Adani Group plans to invest $100 billion in renewable energy and data centres over the next deca ...

Adani Group plans to invest $100 billion (roughly Rs 8,14,200 crore) in the next decade, primarily in new energy and digital space that includes data centers, according to Chairman Gautam Adani on Tuesday, as the group bids for the country''s growth story.

As he continues to reveal bit by bit the group''s new energy plans, Adani, the world''s second-highest person, said 70 percent of this investment will be in the energy transition space.

The ports-to-energy energy division will generate 45 gigawatts of hybrid renewable power generation capacity and build three Giga factories to manufacture solar panels, wind turbines, and a hydrogen electrolyser.

"As a company, we will invest over $100 billion in the next decade. "We have allocated 70% of this investment to the energy transition space," Adani, the founder and chairman of Adani Group, said at a Forbes Global CEO conference in Singapore.

The 60-year-old businessman was successful in 1988 with a modest commodities business. Amazon, Bernard Arnault, and American businessman Bill Gates have all become the world''s second richest person with a fortune of $143 billion (about Rs. 11,64,000 crore).

The combined market capitalization of the group''s listed companies is $260 billion (roughly Rs. 21,16,300 crore) with interests spanning sea ports, airports, green energy, cement, and data centers.

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The organization has become already the world''s largest solar player.

"In addition to our existing 20 GW renewables portfolio, the new business will be boosted by another 45 GW of hybrid renewable energy generation over 100,000 hectares of land, 1.4 times the level used in Singapore. This will lead to the commercialization of three million metric tonnes of green hydrogen."

3 Giga companies will be constructed, one for a 10 GW silicon-based photovoltaic 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 facility.

"Today, we can confidently declare that we have a vision to first-visit become one of the most expensive producers of the green electron, and then the least expensive producer of green hydrogen," he said.

He said the digital space seeks to benefit from the energy transition transition.

"The Indian data center market is experiencing massive growth," says the author. This sector consumes more energy than any other industrial in the world, so our intention to build green data centres is a game changer.

Through a series of terrestrial and worldwide linked undersea cables drawn at its ports, the group intends to create consumer-based super-apps that will connect hundreds of millions of Adani''s B2C customers on one common digital platform.

"We''ve just completed constructing the world''s largest sustainability cloud that already has a hundred of our solar and wind sites running on it all off a single massive command and control center that will soon be enhanced by a global A-I lab," he said.

These new businesses will expand into the expanding Adani network, which is already India''s largest airports and sea ports operator. It is the nation''s highest valued FMCG company, the second-largest cement manufacturer, and the largest integrated energy player.

"The problem I would like to address is that India is filled with incredible opportunities. The real India development story is just beginning.

"This is the best window for businesses to explore India''s economic resurgentness and the worldwide''s most powerful multi-decade tailwind. India''s next three decades will be the most crucial years for its impact on the world," he said.

Adani said, if the country was once the leader of globalization, it would face challenges.

China, which was once considered the leading globalist, will become increasingly isolated. Adani believes that advancing nationalalism, supply chain risk mitigation, and technology restrictions will have an impact.