Adani Group plans to invest $100 billion in new energy over the next ten years

Gautam Adani, the conglomerate's founder, stated at the Forbes Global CEO Conference in Singapore today

Adani Group will invest more than $100 billion in India over the following ten years, with 70% of the investment going toward the Energy Transition space.

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The roughly $70 billion capital infusion will add 45GW of hybrid renewable power generation to the group's current 20GW portfolio of renewable energy sources.

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Under the name Adani New Industries, the group intends to expand the existing GWs over a 1,00,000-hectare plot of land

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"Digital Transformation." The firm plans to commercialise three million metric tonnes of green hydrogen while investing $100 billion over the next ten years

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Reliance Industries, owned by another billionaire, Mukesh Ambani, has also committed to investing $10 billion in India's new and renewable energy

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Gautam Adani stated, "We are currently the world's largest player in solar, and we aim to do considerably more

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A 10GW silicon-based photovoltaic value chain is currently being established by the Adani group

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A 5GW factory for hydrogen electrolysers and a 10GW integrated wind-turbine manufacturing facility are also being constructed

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