Billionaire Gautam Adani-led Adani Group has made a commitment to invest $100 billion for the green energy transition over the next decade. The five companies under the group: Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements—have set the target to achieve net-zero emissions by 2050, the conglomerate says in a release.
The group says the Adani portfolio businesses are “actively engaged in decarbonisation 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 emphasises its progress in decarbonisation and its dedication to supporting global net-zero objectives. “The portfolio businesses are actively adopting renewable energy sources, electrifying operations, utilising biofuels, and implementing waste heat recovery and energy storage technologies,” the company states.
The Adani group says it also plans an ambitious green hydrogen ecosystem. Located on the west coast of Gujarat, this project will be supported by a fully integrated value chain.
Company-wise, the Adani group says Adani Electricity Mumbai, a subsidiary of Adani Energy Solutions, has successfully raised its portion of renewable energy in the overall energy mix to 38.3%. This significant achievement could be attributed to the collaboration between Adani Energy Solutions and Adani Green Energy.
Adani Green Energy, it says, has accomplished a milestone by attaining zero waste to landfill across all operational sites and achieving net water positive at locations with a capacity of 200 MW or more.
The statement says Adani Ports & SEZ, in the initial half of the fiscal year 2024, has achieved a 15% share of renewables in the overall energy mix. Additionally, it has 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 electrolysers”.
“For solar module manufacturing, the glass factory is completed, with work commencing on the ingot and wafer plant. In October, the company commenced production of India’s largest wind turbine of 5.2 MW,” the company adds.
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.
