Adani Group's renewable energy pledge

Adani Group has made a big investment relating to renewable energy, pledging to commit over USD 50-70 billion in the renewable energy value chain over the next ten years. Alongside this, the company announced that it is ‘incubating’ the first Indian data center that will fuel all its data centers with renewable power by 2030.

In a statement issued by Adani Group, the company’s chairman Gautam Adani, said: "Green policies and climate action not based on equitable growth will struggle in the long run."

Adding, "We are putting money where our mouth is," said Adani, "And the portfolio companies of Adani are leading the way with investment plans." Adani Group's APSEZ and AGEL, Adani's renewable energy company, have both committed sustainability efforts based on the SBTi (Science Based Targets initiative).

AGEL meanwhile expects to scale up massively over the next four years, tripling its renewable power generation capacity.

Speaking about the changes that need to be implemented to achieve a greener future, Adani said: “This transformation has multiple dimensions that will impact not just the world of energy but also the world of chemicals, plastics, mobility, computing, and metals.”

Adding: “Achieving the vision of a greener world will heavily depend on the ability to produce hydrogen, which is both a source of energy and a feedstock for several downstream products that we use in our daily lives."

Further to this, the billionaire said that the “overall organic and inorganic investments'' across the “entire green energy value chain” will range between USD 50 billion and USD 70 billion.” Further to this, he outlined: “Over 70 percent of its planned capex until 2030 will be in sustainable technologies.”