Gautam Adani spoke at the group’s annual shareholder’s meeting, revealing that the group is about to invest $70 billion in a new energy business which shall make India, an exporter of Green Hydrogen.
Adani said that they had never walked away from investments and won`t ever will. He also further added that in the talks of climate change, India has been one of the very few countries that has improved its renewable energy footprint despite COVID and the energy crisis. And India has done that, at a point where many developed nations have stopped their journey of achieving renewable energy goals.
He proudly talked about their entries in sectors ranging from data centre to industrial clouds, from defense & aerospace to metals and materials aligned with the Government’s vision of Atmanirbhar Bharat. Adani’s combined group market capitalization this year exceeded $200 billion.
More about Green Hydrogen Project
Adani, one of India’s largest companies has entered into a new collaboration with energy supermajor TotalEnergies of France to curate the world’s largest green hydrogen ecosystem. Both companies are pioneers in energy transition and clean energy adoption. Hence, together they shall have a combined synergy, which will be unable to be defeated. Adani shall bring its deep knowledge of the Indian market, operational excellence and capital management philosophy to the partnership, while TotalEnergies shall serve its understanding of the global and European market, credit enhancement and financial strength to the table. Together, they will deliver the largest green hydrogen ecosystem in the world.