Adani Group to Invest $9 Billion in Green Hydrogen Venture in Gujarat
Key Ideas
- Adani Group is investing $9 billion in a green hydrogen venture in Kutch, Gujarat, aiming for a capacity of one million tonnes per annum in its initial phase.
- The project plans to deploy specialised ships for exporting hydrogen to Europe and Asia and is expected to create between 7,500 to 10,000 new jobs.
- Simultaneously, Adani Green Energy is investing Rs 1.5 lakh crore to scale up renewable energy capacity to 30GW in the same region, with operations already commenced for 2GW.
- Chairman Gautam Adani has emphasized the conglomerate's commitment to energy transition projects with plans exceeding $100 billion, focusing on essential components for green energy generation.
Adani Group is set to invest $9 billion in a green hydrogen venture in Kutch, Gujarat, to produce one million tonnes per annum of green hydrogen through renewable sources. The project includes plans for specialised ships to export hydrogen to Europe and Asia, with a potential to create 7,500 to 10,000 new jobs. Additionally, Adani Green Energy is investing heavily in scaling up renewable energy capacity to 30GW in the same region. Chairman Gautam Adani highlights the conglomerate's commitment to energy transition projects, with plans exceeding $100 billion for manufacturing essential components for green energy generation.
Topics
Asia
Renewable Energy
Investment
Energy Transition
Job Creation
Green Energy
Manufacturing
Economic Growth
Exporting
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