Adani Group commits $100 billion for a decade-long green energy transition, aligning with net-zero goals for its portfolio businesses
Adani Group, led by Chairman Gautam Adani, has committed to investing $100 billion in the next decade to facilitate the transition to green energy and meet its ESG goals. This announcement aligns with the goal of five Adani portfolio businesses to achieve net-zero emissions by 2050.
Adani portfolio businesses, as outlined in a company statement, are actively engaging in initiatives such as adopting green energy sources and advancing the development of innovative storage technologies to enhance efficiency.
Adani Green Energy, Adani Energy Solutions, Adani Ports and Special Economic Zone, ACC, and Ambuja Cements aim to achieve carbon neutrality by 2050, while India has set a national target to reach net-zero carbon emissions by 2070.
“The roadmap to the net zero transition will require last-mile green hydrogen solutions. To make green hydrogen adoption feasible, Adani’s track record in largescale renewables and fully integrated manufacturing with end-to-end EPC capability — all in one single location — uniquely positions it to lower costs,” the statement read.
A part of the group's initiatives encompasses the formal development of a hydrogen fuel cell electric truck, along with the establishment of a green hydrogen ecosystem in the state of Gujarat.
The conglomerate additionally affirmed that the proportion of renewable energy within the overall composition has risen to 38.3 percent for Adani Energy Solutions, a result of the collaborative efforts between Adani Energy Solutions and Adani Green Energy. Moreover, it garnered an 86 percent rating from CSRHUB, a prominent global performance rating agency specializing in ESG criteria.