08 Jul , 2024 By : Debdeep Gupta
Adani Group is planning to invest $9 billion towards manufacturing and transportation infrastructure at its green hydrogen venture in Kutch, Gujarat, Business Daily Mint has reported citing sources. The move will help the project aim at a capacity of one million tonnes per annum of green hydrogen in its initial phase, produced through the electrolysis of water using renewable power sources.
Grow Mudra is Yet to verify the report independently. The publication quoted sources saying that the plan includes the deployment of specialized ships to export hydrogen to Europe and Asia. Initially, the project will utilize alkaline electrolyzers, with plans to manufacture electrolyzers based on anion exchange membrane technology. This initiative is expected to generate between 7,500 to 10,000 new jobs and will be pivotal to Adani Group's strategic growth agenda, the report added.
Simultaneously, Adani Green Energy revealed plans to invest Rs 1.5 lakh crore to scale up capacity to 30 gigawatts (GW) at its Khavda renewable energy project site in Kutch, Gujarat, over the next five years.
The project is one of the world’s largest renewable energy initiatives covering 538 sq km of barren land, approximately the size of Mumbai. Currently, operations have commenced for 2GW of the planned 30GW capacity, within a year of project initiation.
Chairman Gautam Adani underscored the conglomerate's commitment to energy transition projects, with plans exceeding $100 billion (approximately Rs 835 crore) aimed at manufacturing essential components for green energy generation. This includes establishing solar parks and wind farms for electricity production alongside facilities for manufacturing electrolyzers, wind power turbines, and solar panels.
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