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News Adani Group pledges US$100bn for renewable energy transition up to 2033

Adani Group pledges US$100bn for renewable energy transition up to 2033

Written by David Perilli 13 December 2023
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India: Adani Group has committed to investing US$100bn in the decade to the end of 2033 towards transitioning its operations to net zero CO2 emissions by 2050. The scope of investments will include the group’s cement business in addition to logistics and power generation. The group has also set a target for five of its subsidiaries, including ACC and Ambuja Cements, to become net zero by 2050 or earlier. Adani Enterprises currently plans to build a 10GW/yr-capacity solar panel plant, a 10GW/yr-capacity wind turbine plant and a 5GW/yr-capacity hydrogen electrolysers plant.

Adani Group said "The roadmap to the net zero transition will require green hydrogen solutions in its last mile. To make green hydrogen adoption feasible, Adani's track record in large-scale renewables and fully integrated manufacturing with end-to-end engineering, procurement and construction capability — all in one single location — uniquely positions it to secure lower costs."

Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • ACC
  • Ambuja Cements
  • Sustainability
  • target
  • GCW638
  • CO2
  • net zero

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