Adani Group To Invest $100 Billion In Green Energy Transition Over 10 Years

New Delhi: 

The Adani Group today released its half-yearly ESG compendium, showing significant progress in its decarbonisation pathway and its ambition to support the global net-zero journey.

The group, which is at the forefront of India’s green energy transition, has set a target to become net-zero by 2050 or earlier for five of its portfolio companies – Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements – the conglomerate which is also India’s largest integrated infrastructure developer said in a statement today.

ESG, or environmental, social and governance parameters is used to screen investments based on corporate policies and to encourage companies to act responsibly.

The Adani Group will invest $100 billion in green energy transition over 10 years. The Adani portfolio businesses have active strategy to decarbonise, pledge to plant 100 million trees by 2030, and undertake innovative pilot projects, including development of hydrogen fuel cell electric truck, the company said in the statement.

It is also embarking on developing one of the world’s most ambitious green hydrogen ecosystems supported by a fully integrated value chain on the west coast of Gujarat.

The roadmap to the net-zero transition will need last-mile green hydrogen solutions. To make green hydrogen adoption feasible, Adani’s track record in large-scale renewables and fully integrated manufacturing with end-to-end EPC (engineering, procurement and construction) capabilities – all in a single location – uniquely positions it to lower costs.