Adani Group to Invest ₹8.2 Lakh Crore in Energy Transition, Says Gautam Adani

Adani Group will invest over USD 100 billion (around ₹834,000 crore) in energy transition projects and manufacturing capabilities for green energy generation, announced chairman Gautam Adani on Wednesday. The conglomerate plans to build solar parks, wind farms, and major facilities to manufacture electrolyzers for green hydrogen, wind turbines, and solar panels.

Speaking at the “Infrastructure – the Catalyst for India’s Future” event by Crisil, Adani highlighted the trillion-dollar opportunities in energy transition and digital infrastructure that will transform India locally and globally.

“In the next decade, we will invest more than USD 100 billion in the energy transition space and expand our integrated renewable energy value chain, which already spans the manufacturing of every major component required for green energy generation,” he said. The coal-to-ports group aims to produce the “world’s least expensive green electron” to meet sustainability mandates across various sectors.

Adani revealed plans to build the world’s largest single-site renewable energy park in Khavda, Gujarat, generating 30 GW of power and increasing their total renewable energy capacity to 50 GW by 2030.

Adani emphasized that the energy transition will fundamentally alter the global energy landscape. The global transition market, valued at approximately USD 3 trillion in 2023, is expected to grow to nearly USD 6 trillion by 2030 and double every 10 years until 2050. India aims to install 500 GW of renewable energy capacity by 2030, requiring annual investments of over USD 150 billion and creating millions of new jobs in sectors such as solar and wind, energy storage, hydrogen, EV charging stations, and grid infrastructure development.

On digital infrastructure, Adani stated that data is the new oil, with data centers at the heart of computational needs, especially for AI workloads. Data centers, which require massive amounts of energy, will make the data center business the largest energy-consuming industry globally.

“The energy transition and digital transformation infrastructures are now inseparable,” Adani said, noting that the technology sector will become the largest consumer of green electrons.

Adani Group’s digital footprint will include industrial clouds, operational technology cybersecurity offerings, super apps, AI labs, and data centers that will power the energy-intensive digital revolution. By 2030, the world will need an additional 100 to 150 GW of green energy for AI data centers. Adani noted that they already have India’s largest order book for data centers and are in discussions for additional gigawatt-scale green AI data centers.

Adani’s ambitious plans reflect a strong commitment to driving India’s energy transition and digital infrastructure growth, offering significant opportunities for investors and stakeholders in the stock market and finance sectors.