Tuesday, October 5, 2021

Meanwhile In India: Gautam Adani Says His Green Investments Will Top $50 Billion By 2030

This is one interesting guy. Some links after the jump.

From Bloomberg via Delhi's LiveMint:, October 4:

Adani Group, the ports-to-power conglomerate founded by billionaire Gautam Adani, estimates it would have invested $50 billion to $70 billion across its green energy value chain as it aims to become the world’s top renewable energy producer by 2030.

That would include a fresh $20 billion over the next decade, for areas such as electrolyzer manufacturing, backward integration plans to secure the supply chain for solar and wind generation businesses, and AI-based industrial cloud platforms, Adani, Asia’s second-richest person, said at a virtual summit Monday.

“We are tripling our solar power generation capacity over the next four years. This is a rate of growth currently unmatched by any other company anywhere on the planet," Adani said. “Our renewables portfolio has reached the initial target of 25 gigawatts a full four years ahead of schedule."....

....MUCH MORE

Some of our previous posts on Mr. Adani: