Hyderabad: To become the world’s largest renewable energy generation company by 2030, Adani Group Will invest over $20 billion in renewable energy over the next decade, says Adani Group Chairman Gautam Adani said on Monday.
“Our overall organic and inorganic investment across the entire green energy value chain will be between $50-70 billion. This will include investments with potential partners for electrolyser manufacturing, backward integration and AI-based industrial cloud platforms to secure the supply chain for our solar and wind generation businesses,” said Adani at the TiE Sustainability Summit to be held in Hyderabad. Addressing the participants, he said. .
In fact, Adani Group Company, Adani Green Energy Limited (AGEL) on Monday completed a $3.5 billion (Rs 26,000 crore) acquisition SB Energy India, which has 5GW renewable assets in four states of India through its special purpose vehicles.
Speaking at the summit, Adani pointed out that over the past decade, the price of solar panels has dropped by 90% and will probably fall by the same magnitude in the next decade as panels become more efficient and new materials will come. , join the game.
“The fact that the marginal cost of solar energy is heading towards ‘zero’ is both transformative and disruptive,” he said.
He said the Adani Group is going to triple its solar power generation capacity in the next four years.
“Our renewable portfolio has reached an initial target of 25GW, which is a full four years ahead of schedule. Today, we are already the largest solar power player in the world.”
Taking a big bet on the potential of renewable energy, he said that the revolution in alternative energy technologies has opened up the possibility of India becoming a net green energy exporter.
“Hydrogen and its derivatives could replace a significant amount of our imports of crude oil, natural gas and coal,” he said.
“Our overall organic and inorganic investment across the entire green energy value chain will be between $50-70 billion. This will include investments with potential partners for electrolyser manufacturing, backward integration and AI-based industrial cloud platforms to secure the supply chain for our solar and wind generation businesses,” said Adani at the TiE Sustainability Summit to be held in Hyderabad. Addressing the participants, he said. .
In fact, Adani Group Company, Adani Green Energy Limited (AGEL) on Monday completed a $3.5 billion (Rs 26,000 crore) acquisition SB Energy India, which has 5GW renewable assets in four states of India through its special purpose vehicles.
Speaking at the summit, Adani pointed out that over the past decade, the price of solar panels has dropped by 90% and will probably fall by the same magnitude in the next decade as panels become more efficient and new materials will come. , join the game.
“The fact that the marginal cost of solar energy is heading towards ‘zero’ is both transformative and disruptive,” he said.
He said the Adani Group is going to triple its solar power generation capacity in the next four years.
“Our renewable portfolio has reached an initial target of 25GW, which is a full four years ahead of schedule. Today, we are already the largest solar power player in the world.”
Taking a big bet on the potential of renewable energy, he said that the revolution in alternative energy technologies has opened up the possibility of India becoming a net green energy exporter.
“Hydrogen and its derivatives could replace a significant amount of our imports of crude oil, natural gas and coal,” he said.
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