Big gamble by Gautam Adani, as Adani Group set to invest Rs 844124765000 in energy, infrastructure projects in….

The Adani Group's efforts align with global sustainability goals, aiming to balance energy security with a transition towards renewable sources.

Gautam Adani, Chairman of the Adani Group, announced a significant investment of $10 billion in US energy security and infrastructure projects. The announcement, made via a post on the social media platform X (formerly Twitter), highlighted the company’s commitment to advancing energy security in the United States. According to Adani, these projects are expected to generate up to 15,000 jobs, though he did not specify a timeline for the investment.

Billionaire Gautam Adani on Wednesday committed to investing USD 10 billion in energy and infrastructure projects in the United States.

“Congratulations to @realDonaldTrump,” he posted on X, congratulating the incoming US President.

“As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs.”

Congratulations to @realDonaldTrump. As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000… pic.twitter.com/X9wZm4BV2u

— Gautam Adani (@gautam_adani) November 13, 2024

He, however, did not give the time period or details of the projects that his ports-to-energy conglomerate will be pursuing in the US.

Visit to Adani’s Renewable Energy and Manufacturing Facilities

The ambassadors also visited India’s largest port and industrial hub at Mundra, where they explored the Adani Group’s state-of-the-art manufacturing facilities. These include photovoltaic panel and wind turbine production units that are central to Adani’s renewable energy strategy. This visit shows Adani Group’s commitment to expanding its renewable energy portfolio, with a goal of achieving 45 GW of renewable energy capacity by 2030. This aligns with India’s broader decarbonization and sustainable energy goals.

“It was a privilege to host the ambassadors from the EU, Belgium, Denmark, and Germany at our office,” said Gautam Adani in a social media post. “Our discussions were insightful, focusing on strengthening global partnerships to accelerate India’s energy transition and the growth of the hydrogen ecosystem.”

Adani Strengthening Global Energy Partnerships

Earlier in the day, Adani hosted a delegation of four European Union ambassadors, including those from Germany, Denmark, Belgium, and the EU, to showcase the Adani Group’s extensive renewable energy operations in Gujarat, India. 

The diplomats were given an exclusive tour of the Khavda Renewable Energy Park, set to be the world’s largest renewable energy park upon completion, with a planned capacity of 30 GW. The park, located in Khavda, will encompass both solar and wind energy projects, covering an area more than five times the size of Paris.

(With Inputs From PTI)