Adani Group's $100 Billion Renewable Energy Initiative: Insights from CRISIL Summit 2024

Over the next decade, Adani Group will invest over $100 billion in expanding its integrated renewable energy value chain.

At the CRISIL Ratings Annual Infrastructure Summit 2024, Gautam Adani, the chairman of the Adani Group

Gautam Adani, chairman of the Adani Group, emphasized the limitless market potential of green electrons as the key driver of future economic progress in his keynote at the CRISIL Ratings Annual Infrastructure Summit 2024. The Adani Group plans to invest over $100 billion in the energy transition over the next decade, expanding its renewable energy value chain. Their green hydrogen manufacturing ecosystem is advancing, with a newly commissioned 2 GW monocrystalline ingot and wafer unit. The Group aims to increase its polysilica-to-module capacity to 10 GW initially and expand wind turbine capacity to 5 GW by 2027.

Adani highlighted the construction of the world's largest single-site renewable energy park at Khavda, Gujarat, which will generate 30 GW of power, boosting their total renewable capacity to 50 GW by 2030. This integrated supply chain approach is expected to lower costs and reduce import dependency. Adani expressed confidence that they will produce the world's least expensive green electrons, serving as a crucial feedstock for various sectors needing to meet sustainability mandates.