The conglomerate aims to establish solar parks, wind farms, and facilities for manufacturing electrolyzers, wind power turbines, and solar panels.
Green hydrogen, produced by separating hydrogen from water using electrolyzers powered by renewable energy sources, is considered a potential solution for reducing carbon emissions in both the industrial and transportation sectors.
Addressing the event Adani said, “While every nation has its challenges, I can confidently state that India’s real growth is yet to come. The platform to create several trillion-dollar market spaces is already in place. Our estimates show that by FY32- India is targeted to become a 10 trillion-dollar economy.”
According to Adani, the energy transition space will permanently alter the worldwide energy landscape. He also said that, “The global transition market was valued at approximately $3trillion in 2023 and is expected to grow to nearly $6 trillion by 2030, and thereafter double every 10 years till 2050.”
“At this time, I expect the stock market capitalisation to have exceeded $40 trillion. What this effectively means is that over the next 26 years, India will potentially add $36 trillion to its stock market capitalisation,” he added.
The Adani Group chairman said, “The next decade will see us invest more than $100 billion in the energy transition space and further expand our integrated renewable energy value chain that today already spans the manufacturing of every major component required for green energy generation.”
“And to make this happen, we are already building the world’s largest single-site renewable energy park in Khavda, in the district of Kutch (in Gujarat). Just this single location will generate 30 GW of power, thereby taking our total renewable energy capacity to 50 GW by 2030,” he added.
“As many of you know, in the case of India, our country aims to install 500 gigawatts of renewable energy capacity by 2030. This ambitious target will require annual investments of over $billion dollars. The transition to green energy in India is expected to generate millions of new jobs in sectors such as solar and wind, energy storage, hydrogen and its derivatives, EV charging stations, as well as grid infrastructure development,” the chairman said.
Adani on digital infrastructure said data centers as the critical infrastructure powering computational needs, particularly for AI workloads involving machine learning algorithms, natural language processing, computer vision, and deep learning. He highlighted that processing data at unprecedented speed and scale is crucial, and data centers provide these capabilities.
“In fact, it is anticipated that by the year 2030, the world will need 100 to 150 GW of additional green energy just for the AI data centres. We already have India’s largest order book for data centres and are now in discussions for additional gigawatt-scale green AI data centres which we are uniquely positioned to deliver,” he said.
Adani pointed out that this will require massive amounts of energy, making the data center business the largest energy-consuming industry worldwide.
The Adani Group also intends to establish Artificial Intelligence labs to capitalise on India’s rapidly growing expertise in providing AI services to the global market.
(With inputs from agencies)
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