Adani group plans to build 3 Giga factories in India

Adani to build 3 Giga factories in India
Adani to build 3 Giga factories in India

Indian Market
by 5paisa Research Team Last Updated: 2022-09-08T17:12:45+05:30

Over the last 1 years, two of India’s largest business houses viz. the Reliance Group and the Adani group have been extremely bullish on green energy. Now the Adani group has laid out more granular details of its green energy plans. According to the Adani group, it plans to build 3 additional Giga factories that will manufacture solar modules, wind turbines and hydrogen electrolysers. It must be remembered that electrolysers are the instruments that pass current through water to separate oxygen and hydrogen from water. 

Adani group has already been aggressively stepping up its investments across the green energy value chain. Adani group has committed a whopping $70 billion or nearly Rs560,000 crore to the green energy effort. Adani group wants to emerge as the world's top renewable energy producer by the year 2030. The 3 giga factories that Adani group plans to build, will be part of this mega $70 billion plan to make a big splash in the green energy space. The eventual plan is to create one of the most integrated green-energy value chains globally.

What exactly will these 3 giga factories do? Their products will extend from polysilicon to solar modules in the entire solar energy value chain. In addition, it will also undertake the end-to-end manufacturing of wind turbines with a vertically integrated approach that overcomes many of the supply chain and demand linked issues that are being faced today. In addition, these giga factories will also be responsible for the manufacture of hydrogen electrolysers, with focus on green hydrogen; using alternate energy to separate hydrogen.

Adani had already announced 4 giga factories last year and these 3 will be in addition to that taking the total count of giga factories to 7 in India. The grand plan is that the Adani group will generate an additional 45 GW of renewable energy over and above the Adani group's existing renewable energy capacity of 20 GW. In addition, by the year 2030, Adani group also plans to produce nearly 3 million tonnes of hydrogen, and it expects to be the most dominant player in the particular field by then. After all, low carbon energy is the future. 

If there is one business house in India that can match Reliance in aggression, it is the Adani group and they are leaving no stone unturned. These 3 new Giga factories will focus on solar modules, wind turbines and advanced electrolysers. The 4 giga factories already announced are intended to make integrated solar PV modules that will generate electricity from sunlight and electrolysers to produce hydrogen from water. It will also make fuel cells and batteries to store energy from the grid, apart from 20 GW energy for captive use. 

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