Adani Group Wins $325 Million Project for Green Hydrogen Manufacturing in Gujarat
Key Ideas
- Adani Energy Solutions, a part of the Adani Group, secured a 28 billion rupee project to develop a power transmission system for a green hydrogen/ammonia manufacturing unit in Gujarat.
- India aims to produce 5 million tonnes of green hydrogen by 2030, requiring 125 GW of renewable energy. The government targets 500 GW of non-fossil power capacity by 2030.
- The lack of power transmission infrastructure in India is causing delays in renewable energy projects, highlighting the importance of initiatives like the Adani Group's project in Gujarat.
- The project is part of efforts to boost green hydrogen production and renewable energy capacity in India, contributing to the country's sustainability goals.
Adani Energy Solutions, a subsidiary of the Adani Group in India, has successfully secured a 28 billion rupee project in Gujarat's Mundra for the development of a power transmission system to support a green hydrogen/ammonia manufacturing unit. The project, to be completed in three years, is a significant step towards India's target of producing 5 million tonnes of green hydrogen annually by 2030, necessitating 125 gigawatts of renewable energy. The Indian government aims to achieve 500 GW of non-fossil power capacity by 2030, which is a substantial increase from the current 165 GW. However, the lack of adequate power transmission infrastructure has been causing delays in the implementation of renewable energy projects and even leading to cancellations. Projects like the one undertaken by the Adani Group are crucial in addressing these infrastructure challenges and accelerating the transition to sustainable energy sources in India. This initiative aligns with national sustainability objectives and highlights the growing emphasis on green hydrogen production and renewable energy development in the country.