Adani, world’s 2nd richest man, will invest $100 billion in green energy


Adani

Elon Musk may be the trending name when it comes to Forbes’ list of richest men. However, there are way more entrepreneurs on the list, including Adani. Gautam Adani is the world’s second richest man and the chairman of India’s Adani Group. Due to his conquer of becoming the world’s second richest man, he got more evidence in the past days. During the Forbes Global CEO Conference, he revealed that he and his company will bet heavily on green energy.

Adani says it will invest more than $100 billion in capital over the next 10 years. &0 percent of which will be invested in a comprehensive green industry chain based on hydrogen. Adani Group is currently the world’s largest solar developer, under the investment plan.

Adani Group

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Adani Group will build strong green energy providers to feed the growing data center industry

As per the reports, Adani Group will add 45 GW of Hybrid renewable energy generation capacity and build 3 gigawatt-scale factories to produce solar panels. The company will also build wind turbines and hydrogen electrolyzers. According to him, the group now has a renewable energy portfolio of 20 Giga Watts. The 45 Giga Watts of renewable energy generation capacity portfolio will be added to the new investment plan. It will cover 100,000 hectares of land, equivalent to 1.4 times the size of Singapore.

He adds that the goal is to become one of the cheapest producers of green electricity and green hydrogen. The company wants to make India a strong exporter of green energy solutions. Furthermore, he talks about some of the company’s digital transformations.

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According to Adani, the Indian data center market is experiencing explosive growth. Therefore, it has been consuming more energy than any other industry. Building green data centers will certainly be a game changer.

The Adani Group plans to link its data centers with submarine cables. They will provide 100% green power to the data centers. It will create a consumer-based super application that will bring hundreds of millions of Adani B2C consumers to a common on digital platforms.

Let’s see if Adani will become as relevant as Elon Musk is nowadays.

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