Adani Group will plant 100 million trees by 2030 and invest $100 billion over ten years to shift to green energy

13 Dec 2023 , 02:08 PM

The Adani Group, headed by Chairman Gautam Adani, plans to invest $100 billion over ten years in the transition to green energy. This commitment coincides with five Adani portfolio companies’ goal of reaching net zero by 2050 or earlier.

According to the company, it has made great strides towards achieving its decarbonisation plan and supporting the worldwide net zero ambitions. Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements are the five Adani Group firms that have established a goal to achieve net zero by 2050 or before. These businesses are actively seeking for renewable energy sources, implementing waste heat recovery and energy storage technology, electrifying operations, and embracing biofuels.

‘The final mile green hydrogen solutions are a necessary component of the net zero transition roadmap. Adani’s experience in large-scale renewables and fully integrated manufacturing with end-to-end EPC capability, all at one single place, uniquely positions it to cut costs and enable the adoption of green hydrogen. The organisation claimed in a statement that the portfolio firms would be contributing USD 100 billion over the next ten years to the energy transformation. 

In order to assist the aim of limiting global temperature increase to 1.5 degrees Celsius, a corporation must reduce its carbon emissions to as near to zero as feasible in order to achieve net zero, which is a step ahead of carbon neutrality. 

In an effort to promote decarbonisation, the Adani portfolio has promised to plant 100 million trees by 2030.

The conglomerate added that Adani Energy Solutions’s contribution to the whole mix of renewable energy has climbed to 38.3%, which it credits to the partnership between Adani Energy Solutions and Adani Green Energy. Additionally, it obtained an 86% grade from CSRHUB, a preeminent worldwide ESG performance evaluation organisation.

According to Sustainalytics, Adani Green Energy is the best utility company in the world because it turned net water positive at all sites with a capacity of 200 MW or more and achieved zero waste to landfill for all operating sites. Furthermore, Adani Ports & SEZ plans to achieve net zero by 2040. 

As part of its green hydrogen initiative, Adani Enterprises is constructing three gigafactories with the goal of producing 10 GW of solar panels, 10 GW of wind turbines, and 5 GW of hydrogen electrolysers. The company started producing the 5.3 MW largest wind turbine in India.

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