Adani Group Commits $100 Billion for 10-Year Green Energy Shift
Thursday, 14 December 2023, 11:38 IST
The Adani Group, led by billionaire Gautam Adani, has pledged to invest $100 billion in the green energy transition within the next ten years. The conglomerate, comprising Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements, has committed to achieving net-zero emissions by 2050.
The group says the Adani portfolio businesses are "actively engaged in decarbonization efforts and have pledged to plant 100 million trees by the year 2030". The company highlights the importance of last-mile green hydrogen solutions for the net-zero transition. The conglomerate also emphasizes its progress in decarbonization and its dedication to supporting global net-zero objectives. "The portfolio businesses are actively adopting renewable energy sources, electrifying operations, utilizing biofuels, and implementing waste heat recovery and energy storage technologies", the company states.
The Adani Group has announced its intention to establish an expansive green hydrogen ecosystem situated on the western coast of Gujarat. This initiative will benefit from a fully integrated value chain. Specifically, Adani Electricity Mumbai, a subsidiary of Adani Energy Solutions, has successfully increased its share of renewable energy in the overall energy mix to 38.3%. This noteworthy accomplishment is the result of collaboration between Adani Energy Solutions and Adani Green Energy.
Adani Green Energy has achieved a significant milestone by eliminating waste to landfill at all operational sites and attaining a net positive water status at locations with a capacity of 200 MW or more. The statement further highlights that in the first half of the fiscal year 2024, Adani Ports & SEZ has reached a 15% share of renewables in the overall energy mix. Additionally, the company has successfully reduced energy intensity by 46%, energy emissions by 48%, and water consumption intensity by 59%.
The flagship company Adani Enterprises Ltd is also actively engaged in the construction of three colossal giga-factories, "aiming to achieve the production of 10 GW of solar panels, 10 GW of wind turbines, and 5 GW of hydrogen electrolyzer". Additionally, Adani Enterprises has forged a collaboration with Ashok Leyland and Ballard Power to develop a hydrogen Fuel Cell Electric Truck (FCET), specifically designed for mining logistics and transportation, the company informed. "This will be Asia’s first company to operate green hydrogen-powered mining trucks", it adds.
The group says the Adani portfolio businesses are "actively engaged in decarbonization efforts and have pledged to plant 100 million trees by the year 2030". The company highlights the importance of last-mile green hydrogen solutions for the net-zero transition. The conglomerate also emphasizes its progress in decarbonization and its dedication to supporting global net-zero objectives. "The portfolio businesses are actively adopting renewable energy sources, electrifying operations, utilizing biofuels, and implementing waste heat recovery and energy storage technologies", the company states.
The Adani Group has announced its intention to establish an expansive green hydrogen ecosystem situated on the western coast of Gujarat. This initiative will benefit from a fully integrated value chain. Specifically, Adani Electricity Mumbai, a subsidiary of Adani Energy Solutions, has successfully increased its share of renewable energy in the overall energy mix to 38.3%. This noteworthy accomplishment is the result of collaboration between Adani Energy Solutions and Adani Green Energy.
Adani Green Energy has achieved a significant milestone by eliminating waste to landfill at all operational sites and attaining a net positive water status at locations with a capacity of 200 MW or more. The statement further highlights that in the first half of the fiscal year 2024, Adani Ports & SEZ has reached a 15% share of renewables in the overall energy mix. Additionally, the company has successfully reduced energy intensity by 46%, energy emissions by 48%, and water consumption intensity by 59%.
The flagship company Adani Enterprises Ltd is also actively engaged in the construction of three colossal giga-factories, "aiming to achieve the production of 10 GW of solar panels, 10 GW of wind turbines, and 5 GW of hydrogen electrolyzer". Additionally, Adani Enterprises has forged a collaboration with Ashok Leyland and Ballard Power to develop a hydrogen Fuel Cell Electric Truck (FCET), specifically designed for mining logistics and transportation, the company informed. "This will be Asia’s first company to operate green hydrogen-powered mining trucks", it adds.
