Adani Group's $9 Billion Investment in Green Hydrogen Venture in Gujarat
Key Ideas
  • Adani Group plans to invest $9 billion in manufacturing and transportation infrastructure for green hydrogen in Kutch, Gujarat, aiming for one million tonnes per annum of green hydrogen in the initial phase.
  • The project includes deploying specialized ships for exporting hydrogen to Europe and Asia, with future plans for anion exchange membrane technology electrolyzers.
  • This initiative is expected to create between 7,500 to 10,000 new jobs and is crucial for Adani Group's strategic growth agenda.
  • Adani Green Energy also discloses plans to invest Rs 1.5 lakh crore to expand capacity to 30GW at its Khavda renewable energy project site in Kutch, Gujarat, over the next five years.
Adani Group is set to invest $9 billion in its green hydrogen venture in Kutch, Gujarat, focusing on manufacturing and transportation infrastructure. The project aims to achieve a capacity of one million tonnes per annum of green hydrogen in its initial phase, utilizing renewable power sources for electrolysis of water. The plan includes the deployment of specialized ships for exporting hydrogen to Europe and Asia, alongside the use of alkaline electrolyzers initially and future adoption of anion exchange membrane technology. This investment is expected to create thousands of new jobs and is integral to Adani Group's strategic growth plans. Simultaneously, Adani Green Energy plans to invest Rs 1.5 lakh crore to expand its capacity to 30GW at the Khavda renewable energy project site in Kutch, Gujarat, over the next five years. The project, covering a vast area of barren land, is one of the largest renewable energy initiatives globally. With operations already underway for 2GW of the planned 30GW capacity, Adani Group demonstrates its commitment to energy transition projects. Chairman Gautam Adani highlighted the conglomerate's significant investment exceeding $100 billion for manufacturing essential components for green energy, including solar parks, wind farms, electrolyzers, wind power turbines, and solar panels.
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