Adani Group Commits $100 Billion for 10-Year Green Energy Shift
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Adani Group Commits $100 Billion for 10-Year Green Energy Shift

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The The Adani Group, led by billionaire Gautam Adani, has pledged to invest $100 billion in the green energy sector within the coming decade. This commitment extends across five companies within the conglomerate: Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements. Together, they aim to attain net-zero emissions by 2050. The Adani portfolio firms have actively embarked on initiatives for decarbonization and have committed to planting 100 million trees by 2030. Additionally, the company emphasizes the significance of implementing last-mile green hydrogen solutions as a crucial aspect of achieving the net-zero transition.

The conglomerate underscores its efforts towards decarbonization and its commitment to supporting global net-zero goals. According to the company, its portfolio businesses actively embrace renewable energy sources, adopt electrification measures, utilize biofuels, and implement technologies like waste heat recovery and energy storage. The Adani group also outlines plans for an ambitious green hydrogen ecosystem. Situated on Gujarat's west coast, this project will be backed by a fully integrated value chain.

Regarding specific companies within the conglomerate, Adani Electricity Mumbai, a subsidiary of Adani Energy Solutions, has significantly increased its share of renewable energy in the overall energy mix to 38.3%. This notable achievement is a result of the collaboration between Adani Energy Solutions and Adani Green Energy. Additionally, Adani Green Energy has reached a milestone by achieving zero waste to landfill across all operational sites and achieving net positive water balance at locations with a capacity of 200 MW or more.