$20 Billion USD On Clean Energy Technology Will Be Invested As Said By Gautam Adani

Latest Updated on 6 January 2023

For a major renewable energy project in Morocco that would supply power and Emissions-Free Gasoline to Europe, Gautam Adani is now in exploratory discussion.

According to sources familiar with the plans who did not wish to discuss personal information Adani's coal-to-ports conglomerate is thinking about constructing wind and solar generation facilities as well as facilities to produce Green Hydrogen for export in the country of North Africa.

Which would be Adani's Largest Renewable Power Development Outside of India and may have a power of up to 10 gigawatts. According to data from Bloomberg NEF it would be nearly equal to Morocco's current installed energy production capacity which includes a total of around 2.8 gigawatts of wind and Solar Energy.

The development would be completed in two 5 megawatts of power phases and contain ideas for both local power supply and direct electricity export to Europe. According to the plans Adani is also in talks to sell hydrogen to Morocco's state-owned OCP Group which the fertilizer manufacturer could use as a feedstock to create carbon-free ammonia.

Email requests for a response from the Moroccan Energy Ministry its fertilizer manufacturer OCP as well as the state renewable energy agency Masen went unanswered.

Shares of Adani Green increased by 3.6% this week the most in the past two months above the benchmark index's 2.4% Growth.

Given the advancement of technology, it could be years before any green hydrogen is exported to Europe. In Saudi Arabia, a 4Gw green-hydrogen project is expected to be finished in four years.

Last Updated on 25 September 2021

Chief of Adani Group, Mr. Gautam Adani mentioned that the company will be investing $20 Billion in Clean Energy. They will also be supporting the manufacturing units along with the infrastructure continuing for the upcoming 10 years. As per their words, the renewable power generation capacity will be tripled over the next 4 years. He further added that all countries should collaborate on climate change and take proper steps to diminish them. The sectors which are underserved will also be taken care of along with the growth in incubating potential businesses under Adani Enterprises.

They will be the first port business that will be ahead of their target to accomplish net zero by 2025. Adani group is going to be the first Indian Datacenter company with all the resources by 2030. The company is proposing grand plans for the expansion of its two businesses which include digital businesses and airports. The digital business will hold the company’s ventures related to digital data centers along with industrial clouds. Adani Digital Labs of Adani Enterprises will provide experiences that will be cherished by the customers. More than 75% of their planned Capex will be taken under green technologies by the year 2025 as claimed by Adani.