Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India growth story.
As much as 70 per cent of this investment will be in the energy transition space, Adani, the world’s second-richest person, said as he continued to reveal bit by bit the group’s new energy plans.
The ports-to-energy conglomerate will add 45 gigawatts of hybrid renewable power generation capacity and build 3 Giga factories to manufacture solar panels, wind turbines and hydrogen electrolyser.
“As a Group, we will invest over USD 100 billion of capital in the next decade. We have earmarked 70 per cent of this investment for the energy transition space,” Adani, founder and chairman of Adani Group, said at the Forbes Global CEO conference in Singapore.
Starting off with a modest commodities business in 1988, the 60-year-old tycoon surpassed Jeff Bezos of Amazon, French business magnate Bernard Arnault and American businessman Bill Gates to become the world’s second-wealthiest person with a fortune of USD 143 billion.
With interests spanning sea ports, airports, green energy, cement and data centres, the combined market capitalisation of the group’s listed companies is USD 260 billion.
