Adani Group will invest more than $100 billion over the next decade and 70 percent of this investment is earmarked for the energy transition sector.
Adani Group will invest more than $100 billion in the next decade, Gautam Adani, the world’s second richest person, said at the Forbes Global CEO Conference in Singapore. As a group, we will invest more than $100 billion in the next decade. He has earmarked 70 percent of this investment for the energy transition sector. He is already the biggest solar player in the world and we intend to do more. The Port-to-Energy Group will add 45 gigawatts of hybrid renewable energy generation capacity and build 3 giga factories to make solar panels, wind turbines and hydrogen electrolysers. Let us tell you that these new businesses will add to the growing Adani Empire, which is already the largest airport and sea port operator in India. It is the country’s highest valued FMCG company, the second largest cement producer and the largest integrated energy company.
Starting in 1988, the 60-year-old tycoon surpassed Amazon’s Jeff Bezos, French businessman Bernard Arnault and American businessman Bill Gates to become the world’s second-richest person with a net worth of $143 billion. Huh. With interests spanning ports, airports, green energy, cement and data centers, the group’s listed companies have a combined market capitalization of $260 billion.
Growth seen in Indian data center market
Adani says the new business will be fueled by 45 GW of hybrid renewable power generation in addition to our existing 20 GW renewable portfolio, spread over 100,000 hectares of land. It will also build 3 gig factories – for a 10 GW silicon-based photovoltaic value-chain that will be integrated backwards into solar panels from raw silicon. With this said that the Indian data center market is witnessing rapid growth. This sector consumes more energy than any other industry in the world and therefore our move to build green data centers is a game-changing difference.
Planning to build user based super apps
The Adani Group plans to interconnect data centers and build user-based super apps through a series of terrestrial and globally connected undersea cables pulled at its ports, which will connect Adani’s millions of B2C customers on a common digital platform. Will bring Adani says it has just completed construction of the world’s largest sustainability cloud, which already houses our hundred solar and wind sites. All of which is far from a huge command and control center for which a global AI lab will soon grow.
The story of India’s development is just beginning
Gautam Adani said that India is full of incredible opportunities. The story of real India’s development is just beginning. It is the best place for companies to embrace the incredible multi-decade tailwind of India’s economic revival and the world’s largest and youngest democracy. The next three decades of India will be the most decisive years for the impact it will have on the world.
Source: www.tv9hindi.com”