On Tuesday, the Adani Group announced that it would invest more than USD 100 billion in the next decade, with a substantial amount going into the energy transition. Gautam Adani, the chairman of the Adani Group, announced ‘game-changing’ plans that could make India a net-energy exporter.

Adani group has set aside 70 per cent of its new investments for energy transition, space and infrastructure. Adani asserted that Adani New Industries is the manifestation of the company’s bet in the energy transition space. The group is committed to investing USD 70 billion in an integrated Hydrogen-based value chain.

He further said the new business would be augmented by another 45 GW hybrid renewable power generation spread over 100,000 hectares. This would pave the way for three million metric tons of green hydrogen commercialisation. Reportedly, the Adani group is likely to build three Giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolysers in India.

He added that Adani Group is in the process of building a 10 GW silicon-based photo-voltaic value-chain that would be backwards integrated from raw silicon to solar panels, a 10 GW integrated wind-turbine manufacturing facility, and a 5 GW Hydrogen electrolyser factory. The chairman held that the company is one of the least expensive producers of the green electron and the least expensive producer of green hydrogen.