'India's infrastructure is going through a phase of amazing change', Gautam Adani made this big announcement
Gautam Adani: Adani Group chief Gautam Adani has said that the group is working towards building electrolyzers to produce green hydrogen, wind power turbines, and solar panels, in addition to building solar parks and wind farms to produce electricity from sunlight and windmills.
Adani Group plans to invest more than $100 billion (about Rs 835 crore) in energy transfer projects and industrial capacity for green energy generation. Gautam Adani, Group CEO, made the announcement at a CRISIL event on Wednesday.
According to Gautam Adani, in addition to establishing solar parks and wind farms to generate electricity from sunshine and windmills, the business is also building big facilities for manufacturing electrolyzers to make green hydrogen, wind power turbines, and solar panels.
Green hydrogen, which is produced by splitting hydrogen from water using a clean energy-powered electrolyzer, is viewed as a potential solution to decarbonizing industry and transportation.
Adani Group Chairman Gautam Adani said at Crisil's 'Infrastructure - The Catalyst for India's Future' event that there are trillion-dollar opportunities in the energy transition and digital infrastructure sector that will transform India locally and globally.
Gautam Adani said "Over the next decade, we will invest over $100 billion in the energy transition and further expand our integrated renewable energy value chain. The Group already expands manufacturing of every key component required for green energy generation."
"I can say with great confidence that today we are at a turning point where India's infrastructure industry is undergoing an amazing transformation. The impact of this will be fully understood only when we look back a decade later.
We started an infrastructure capital expenditure cycle that was never seen before. This laid the foundation for India's growth for many decades. It started with the quality of governance, so globally very few sectors are so strongly linked with government policy," Adani Group chief Gautam Adani said while addressing a Crisil event. "Before I talk about the future of India and then infrastructure, it is important that we understand how much policy change was necessary to get us here," Adani said.
