Adani Group's $10 Billion Investment and Global Decarbonisation Initiative
Key Ideas
- Gautam Adani commits $10 billion for energy and infrastructure projects in the United States, aiming to create 15,000 jobs, strengthening the partnership between India and the US.
- Adani Group plans to invest INR 1.3 trillion in diverse projects, aiming for significant expansion by FY25 and raising up to $3 billion in equity this financial year.
- Three Adani portfolio companies join the World Economic Forum's initiative to drive decarbonisation and economic growth, with a vision to align co-located companies by 2050.
- Adani Group's $70 billion investment by 2030 includes building giga factories for solar modules, wind turbines, and hydrogen electrolyzers, aiming to be the world's leading renewable energy producer.
Gautam Adani, the chairman of the Adani Group, has announced a $10 billion investment in energy and infrastructure projects in the United States, with a focus on creating 15,000 jobs. This move is part of the deepening partnership between India and the US. The Adani Group also plans a significant expansion by FY25, with a target to invest INR 1.3 trillion across its diverse portfolio. To support these projects, the group aims to raise up to $3 billion in equity this financial year.
Moreover, the Adani Group is actively participating in global decarbonisation efforts. Three Adani portfolio companies have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative to drive economic growth and decarbonisation by 2050. Additionally, Gautam Adani announced a $70 billion investment in clean energy by 2030, including the construction of three giga factories for solar modules, wind turbines, and hydrogen electrolyzers. The Adani Group's objective is to establish one of the world's most integrated green-energy value chains and become the top renewable energy producer by 2030.