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The Adani Group is emphasising to create massive investments in the twin fields of energy transition and digital infrastructure, and the next decade will see the conglomerate invest over $100 billion dollars in the energy transition space, according to the statement made by Gautam Adani, Chairman of the Group.
Speaking at an infrastructure event organised by CRISIL in Mumbai, Adani said the company plans to further expand its integrated renewable energy value chain that today already spans the manufacturing of every major component required for green energy generation.
"We are confident that we will produce the world’s least expensive green electron that will become the feedstock for several sectors that must meet the sustainability mandate. And to make this happen, we are already building the world’s largest single site renewable energy park in Khavda, in the district of Kutch," he said. The project will generate 30 GW of power at a single location, taking the company's total renewable energy capacity to 50 GW by 2030.
"It is anticipated that by the year 2030, the world will need 100 to 150 GW of additional green energy just for the AI data centres. We already have India’s largest order book for data centres and are now in discussions for additional gigawatt-scale green AI data centres which we are uniquely positioned to deliver," Adani said.
He also said that the global energy transition market was valued at around 3 trillion dollars in 2023 and is expected to grow to nearly 6 trillion dollars by 2030, and thereafter double every 10 years till 2050.
"India aims to install 500 gigawatts of renewable energy capacity by 2030. This ambitious target will require annual investments of over 150 billion dollars," Adani said, adding that the energy businesses that helps to enable this transition will also create opportunities to monetize carbon credits.
Adani said that by the end of 2031-32, the year India has targeted to become a 10 trillion-dollar economy, the cumulative spend on infrastructure will exceed 2.5 trillion dollars.
He said that he consider the National Infrastructure Pipeline (NIP) program, that has earmarked a projected investment of ₹111 lakh crore over the period 2020-25, as a benchmark of how the government can put in place a national view of over 9,000 infrastructure projects across sectors like energy, logistics, water, airports, and social infrastructure.
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