Gautam Adani will soon raise at least $10 billion from global investors, including Temasek, GIC and other private equity fund managers. According to the Mint report, the funds will be used for his clean energy, ports and cement businesses.

The funds will reportedly be raised through the sale of shares. Small investors might consider taking a small stake in Adani Group. However, the report added that the big company could soon set up a joint venture with Adani Group in the coming days.

In a keynote speech at the 20th Forbes Global CEO Conference 2022 on September 27, Adani announced, “We will invest over $100 billion over the next ten years. We have committed 70% of our investment to the energy transition. We are already the largest solar company in the world and intend to do more. This is our commitment to investing $70 billion to build an integrated hydrogen-based value chain”.

Adani Group is also building a 10GW silicon-based PV value chain that will integrate backwards from virgin silicon to solar panels. In addition, it has a 10GW integrated wind turbine manufacturing facility and a 5GW electrolysis hydrogen plant in its expansion plans.

Currently, the group has a 20GW renewable energy portfolio. It announced the construction of a 45GW power plant on 100,000 hectares of land. It will lead to the production of up to 3 million tonnes of green hydrogen.

Last week, Gautam Adani announced that the group aims to invest Rs 65,000 crore in Rajasthan over the next 5 to 7 years and create more than 40,000 direct and indirect jobs.