Business

Adani invests $100 billion in new energy, data centers

NEW DELHI: Adani Group will invest $100 billion over the next decade, primarily in new energy and the digital space including data centers, chairman Gautam Adani said on Tuesday, as the group bets big on India’s growth story. The world’s second-richest person, 70% of this investment will go to the energy transition sector, said Adani, continuing to reveal little by little about the group’s new energy plans.
Port Energy Corporation will add 45 gigawatts of hybrid renewable generation capacity and build three giga plants to produce solar panels, wind turbines and hydrogen electrolyzers.
“As a Group, we will invest more than $100 billion in capital over the next decade. We’ve spent 70% of this investment in the energy transition space,” said Adani, founder and chairman of the Adani Group, said at Forbes’ global CEO conference. In Singapore.
Starting out as a modest commodity business in 1988, the 60-year-old tycoon has surpassed Amazon’s Jeff Bezos, French business magnate Bernard Arnault and American businessman Bill Gates to become the second-richest person. two worlds with a fortune of 143 billion USD.
With interests including seaports, airports, green energy, cement and data centers, the total market capitalization of the group’s listed companies is $260 billion.
The group is already the largest solar company in the world.
“In addition to our existing 20 GW renewables portfolio, the new business will add another 45 GW of mixed renewable power generation spread across 100,000 hectares of land – 1.4 times the area Singapore. This will lead to the commercialization of three million tonnes of green hydrogen,” he said.
It will also build 3 giga plants – a 10 GW silicon-based photovoltaic value chain plant that will be backward integrated from raw silicon to solar panels, a 10 GW integrated wind turbine manufacturing facility and a 5 GW hydrogen electrolysis plant. .
“Today, we can confidently state that we have a vision first – to be one of the least expensive green electronics manufacturers – and then – green hydrogen,” he said. least expensive,” he said.
The digital space, he said, seeks to benefit from adjacent energy transitions.
“The Indian data center market is witnessing explosive growth. The sector consumes more energy than any other industry in the world and hence the move to build green data centers. Ours is a game-changing differentiator,” he said.
The group plans to connect data centers together through a series of globally linked terrestrial and undersea cables pulled at its ports and build consumer-based super-applications that will bringing Adani’s hundreds of millions of B2C consumers on a common digital platform.
“We also just finished building the world’s largest sustainable cloud that already has hundreds of our solar and wind sites running on it – all a command and control center The only giant will soon be augmented by a global AI lab,” he said.
These new businesses will add to the burgeoning Adani empire, which is already the largest port and airport operator in India. It is the nation’s most valuable FMCG company, the second largest cement producer and the largest integrated energy company.
“The point I want to make is – India is full of incredible opportunities. India’s real growth story is just beginning.
“This is the best opportunity for companies to embrace India’s economic revival and span the incredible decades that the world’s largest and youngest democracy has to offer. India’s next three decades Degrees will be the most obvious years in terms of its impact on the world,” he added.
Commenting on China, Adani said that once the champion of globalization, that country is facing challenges.
“I predict that China – considered the leading champion of globalization – will feel increasingly isolated. Nationalism increases, supply chain risk reduction and technology constraints will have an impact,” Adani said.

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