Adani Group Looks to Invest More than $100 b in 10 Yrs

The Adani Group plans to invest more than $100 billion over the next decade, chairman Gautam Adani told a Forbes Global CEO Conference in Singapore on Tuesday. At the forefront will be green energy transition, which will see 70% of the investment, followed by digital transformation. He said India’s real growth is just star ting, adding, “What many see as India’s imperfections reflect a thriving and a noisy democracy. Only the free can afford to make noise-to have their imperfections visible.” Adani also said that China will “feel increasingly isolated”, because of “in- creasing nationalism, supply chain risk mitigation, and technology restrictions” besides opposition to the Belt and Road Initiative.

Adani also said that china will feel increasingly isolated because of increasing nationalism supply chain risk mitigation and technology restrictions besides opposition to the belt and road initiative. He had said in July that the Adani Group would invest $70 billion in green energy transition and infrastructure projects to become a net exporter of clean energy. As a group we will invest over $100 billion of capital in the next decade, we have earmarked 70% of this investment for the energy transition space it is our commitment to invest $70 billion in an integrated hydrogen-based value chain he said. The group is building three giant factories in India to create the world’s most integrated green energy value chain. These giga factories will make polysilicon solar modules wind turbines and hydrogen electrolysers. In addition to the existing 20 GW renewables portfolio the new business will be enhanced by another 45 GW of hybrid renewable power generation spread over 100,000 hectares, which is 1.4 times the size of Singapore the Adani group chairman said. S-ET

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