"Adani Group Announces $100 Billion Investment Over the Next Decade for Energy Transition"

In a media statement released on Tuesday, the Adani Group has revealed its commitment to invest $100 billion over the next decade in pursuit of energy transition goals across its portfolio companies. A substantial 70% of the earmarked funds are allocated for initiatives in the clean energy sector.

As part of this extensive investment plan, Adani Group is in the process of establishing three giga factories dedicated to the production of key components for clean energy solutions. The group's strategic vision includes developing 10 gigawatts (GW) of solar panels, 10 GW of wind turbines, and 5 GW of hydrogen electrolyser capacity. Additionally, Adani Group aims to significantly expand its renewables portfolio to reach an impressive 45 GW.

Setting ambitious targets, the conglomerate has declared its intention to achieve net-zero emissions by 2050 or earlier for five of its prominent portfolio companies—Adani Green Energy, Adani Energy Solutions, Adani Ports & Special Economic Zone (SEZ), ACC, and Ambuja Cements. This commitment underscores Adani Group's proactive stance in aligning its operations with global sustainability goals and contributing to the ongoing transition to cleaner and more sustainable energy sources.

BS