Nifty 17469.75 (1.71%)
Sensex 58649.68 (1.76%)
Nifty Bank 37284.7 (1.82%)
Nifty IT 35959.05 (1.95%)
Nifty Financial Services 18284.95 (1.70%)
Adani Ports 761.40 (2.24%)
Asian Paints 3108.50 (2.58%)
Axis Bank 697.10 (1.47%)
B P C L 391.15 (0.86%)
Bajaj Auto 3332.05 (1.39%)
Bajaj Finance 7361.50 (3.64%)
Bajaj Finserv 17621.65 (3.00%)
Bharti Airtel 715.15 (2.33%)
Britannia Inds. 3575.75 (2.92%)
Cipla 897.95 (0.98%)
Coal India 150.90 (0.17%)
Divis Lab. 4604.95 (-0.43%)
Dr Reddys Labs 4570.70 (1.11%)
Eicher Motors 2505.55 (1.37%)
Grasim Inds 1716.25 (1.82%)
H D F C 2853.00 (1.26%)
HCL Technologies 1171.60 (1.91%)
HDFC Bank 1553.80 (1.84%)
HDFC Life Insur. 686.40 (-1.15%)
Hero Motocorp 2490.65 (1.17%)
Hind. Unilever 2340.60 (0.82%)
Hindalco Inds. 457.45 (3.38%)
I O C L 120.40 (-0.17%)
ICICI Bank 753.40 (2.55%)
IndusInd Bank 945.30 (2.01%)
Infosys 1753.35 (2.44%)
ITC 224.95 (1.95%)
JSW Steel 672.95 (1.86%)
Kotak Mah. Bank 1920.45 (-0.86%)
Larsen & Toubro 1825.05 (1.50%)
M & M 840.75 (1.79%)
Maruti Suzuki 7434.90 (3.46%)
Nestle India 19479.10 (0.70%)
NTPC 127.25 (1.52%)
O N G C 148.40 (1.71%)
Power Grid Corpn 204.80 (-0.49%)
Reliance Industr 2418.10 (1.52%)
SBI Life Insuran 1169.50 (0.89%)
Shree Cement 26106.90 (1.40%)
St Bk of India 491.55 (3.12%)
Sun Pharma.Inds. 757.55 (1.86%)
Tata Consumer 772.15 (1.51%)
Tata Motors 493.90 (2.51%)
Tata Steel 1173.00 (2.11%)
TCS 3626.90 (1.18%)
Tech Mahindra 1604.80 (1.79%)
Titan Company 2405.55 (1.05%)
UltraTech Cem. 7423.95 (1.71%)
UPL 728.10 (0.16%)
Wipro 641.70 (1.47%)
Adani Group Outlines $70 billion Green Energy Plan
News - Updates
by 5paisa Research Team 20/10/2021

It is said that Gautam Adani is not used to thinking small. His emergence as one of the most formidable names in the infrastructure space was largely thanks to his aggressive approach to doing business. The latest example is his big bet on green energy. The latest big numbers may sound mindboggling, but that is the kind of plans that Adani has for green energy. The group will invest $50-70 billion over next 10 years in the green energy space.

Check - Adani Pays $3.50 Billion in SB Energy Holdings

Speaking at the Global Investment Summit in UK, Adani outlined his base plan to invest $20 billion over the next 10 years purely in renewable energy generation. In addition, the total organic and inorganic investments in the entire spectrum of green energy would end up in the range of $50 to $70 billion. At the upper end, that is roughly Rs.530,000 crore.

Adani has gone further to underline that out the total investments planned by the Adani group across various businesses, nearly 70% of the investments would only be in the area of sustainable technologies. This will include electrolyzer manufacturing, backward integration into sustainable energy components, supply chain products for renewables etc. In addition, the group will also invest in the confluence of digital and green energy like AI and Cloud.

Here are specific targets outlined by Gautam Adani at the Summit

a) Adani Green Energy will triple its renewable power generation capacity over the next 4 years from 25 GW to 75 GW. Adani Green is already the world’s largest solar power producer as of date in terms of installed capacity.

b) Adani group plans to become one of the largest green hydrogen producers in India and also emerge as the cheapest producer of hydrogen. This is an area where even Reliance Green is very active and aggressive.

c) The Adani group plans to become the world’s largest renewable energy company by 2030; as a dominant player straddling the entire chain from manufacturing equipment, producing supply chain components as well as actual renewable power generation.

In the last Reliance AGM, the group had outlined plans to invest $10 billion in green energy and become net carbon neutral by 2035. It looks like the Adani group is leaving no stone unturned to stamp its impact on green energy.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

There is some issue, try later