Adani Group will invest US$ 100 bn over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on 27th September, as the group bets big on India growth story.
As much as 70% of this investment will be in the energy transition space, Adani, the world’s 2nd richest person, said as he continued to reveal bit by bit the group’s new energy plans.
The ports-to-energy conglomerate will add 45 GW of hybrid renewable power generation capacity and build 3 Giga factories to manufacture solar panels, wind turbines and hydrogen electrolyser.
“As a Group, we will invest over US$ 100 bn of capital in the next decade. We have earmarked 70% of this investment for the energy transition space,” Adani, founder and chairman of Adani Group, said at the Forbes Global CEO conference in Singapore.
Starting off with a modest commodities business in 1988, the 60 year old tycoon surpassed Jeff Bezos of Amazon, French business magnate Bernard Arnault and American businessman Bill Gates to become the world’s 2nd wealthiest person with a fortune of US$ 143 bn.
With interests spanning sea ports, airports, green energy, cement and data centres, the combined market capitalisation of the group’s listed companies is US$ 260 bn.