Gautam Adani aims to be one of the largest green hydrogen producers in the world: Gautam Adani

Billionaire Gautam Adani has said that the Adani Group aims to be one of the largest green hydrogen producers in the world, which could potentially help India emerge as world’s cheapest hydrogen producer.

Adani reiterated his plans to invest over $20 billion in renewable energy generation over the next decade.

The group's overall organic and inorganic investments across the entire green energy value chain will range between $50 billion and $70 billion, he said on the sidelines of UK’s Global Investment Summit at the London Science Museum.

“We are putting money where our mouth is and the portfolio companies of Adani are leading the way with investment plans to honour the nation’s commitment," Adani said.

The group plans to invest with potential partners for electrolyzer manufacturing, backward integrations for component manufacturing to secure the supply chain for the solar and wind generation businesses, and artificial intelligence-based utility and industrial cloud platforms.

Adani incubating a data centre company that will power all its data centres by renewable power by 2030. Adani Green Energy, the group's renewable energy company will triple its renewable power generation capacity over the next four years, having achieved its initial target of 25 gigawatts four years ahead of schedule.

Adani said that green policies and climate action not based on equitable growth will struggle in the long run. He said that climate change initiatives need a collaborative approach, where developed nations, which have emitted more greenhouse gases over time, shoulder greater responsibility and propose policies and targets that fairly address the needs of the developing world.