Energy
Billionaire is building world’s largest clean energy plant 5 times the size of Paris
This report was created with support from enhanced software.
In western India, Adani Green Energy Limited (AGEL) is in the process of constructing what is set to become the world’s largest energy plant. This endeavor, spanning an area five times the size of Paris and visible from space, covers 200 square miles, as reported by CNN.
According to Adani Green Energy Executive Director Sagar Adani, this ambitious project comes with a hefty price tag of $20 billion, and it is anticipated to provide power to approximately 16 million homes across India upon completion.
Point phone camera here
Despite encountering recent challenges, the Adani Group remains committed to investing $100 billion in India’s energy transition over the next decade. Notably, 70% of this investment is earmarked for clean energy initiatives.
India has set ambitious targets for its energy sector, aiming to achieve 50% renewable energy by 2030 and net-zero emissions by 2070.
Nevertheless, critics continue to voice concerns regarding Adani’s investments in fossil fuels, advocating for a shift towards zero-emission technologies.
Adani underscored the necessity of balancing energy demands with sustainability, citing the current impracticality of India relying solely on 100% sustainable energy sources, according to CNN.
Anticipating a surge in India’s electricity demand in the coming years, Adani attributes this to both rising living standards and climate change-induced heatwaves, which are expected to lead to a significant increase in air conditioner ownership.
LAUREN TAYLOR
IN WESTERN INDIA, ADANI GREEN ENERGY LIMITED IS BUILDING THE WORLD’S LARGEST ENERGY PLANT.
ITS FIVE TIMES THE SIZE OF PARIS AND VISIBLE FROM SPACE, SPANNING 200 SQUARE MILES – ACCORDING TO A REPORT FROM CNN.
THE CEO – SAGAR ADANI – SAYS IT’LL COST $20 BILLION AND POWER 16 MILLION HOMES IN INDIA WHEN COMPLETED.
DESPITE RECENT CHALLENGES, THE ADANI GROUP PLANS TO INVEST $100 BILLION DOLLARS IN INDIA’S ENERGY TRANSITION OVER THE NEXT DECADE… 70% OF WHICH WILL BE ALLOCATED TO CLEAN ENERGY
INDIA IS AIMING FOR 50% RENEWABLE ENERGY BY 2030 AND NET-ZERO EMISSIONS BY 2070.
CRITICS, HOWEVER, CONTINUE RAISING CONCERNS ABOUT ADANI’S INVESTMENTS IN FOSSIL FUELS, AND URGES A SHIFT TO ZERO-EMISSIONS TECHNOLOGIES.
ADANI STRESSED THAT THERE’S A NEED TO BALANCE ENERGY DEMANDS WITH SUSTAINABILITY, SAYING IT’S NOT PRACTICAL FOR INDIA TO BE RELIANT ON 100% SUSTAINABLE ENERGY SOURCES AT THE MOMENT, CNN REPORTS.
ADANI SUSPECTS INDIA’S ELECTRICITY DEMAND WILL SURGE IN COMING YEARS — DUE TO RISING LIVING STANDARDS AND CLIMATE CHANGE-INDUCED HEATWAVES — LEADING TO A SIGNIFICANT INCREASE IN AIR CONDITIONER OWNERSHIP.
Straight to your inbox.
By entering your email, you agree to the Terms & Conditions and acknowledge the Privacy Policy.
