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Adani plans $9 bn capex to kickstart green hydrogen biz

Livemint

Livemint · 1y ago

Adani plans $9 bn capex to kickstart green hydrogen biz

Indian conglomerate Adani Group is planning to invest $9bn to build manufacturing and transportation infrastructure for its green hydrogen venture. The company aims to achieve a capacity of 1 million tonnes per annum of green hydrogen in the first phase, which will be produced by breaking down water using renewable power. Adani plans to hire specialized ships to export the hydrogen to Europe and Asia. The first phase will be based on alkaline electrolyzers, but Adani also plans to manufacture electrolyzers based on anion exchange membrane in the future. The project is expected to create 7,500-10,000 new jobs and plays a critical role in the company's future plans.

Related News

Adani Group eyes 5 GW electrolyzer capacity with up to $3 bn investment

Livemint

Livemint · 1y ago

Adani Group eyes 5 GW electrolyzer capacity with up to $3 bn investment

Adani New Industries Ltd is planning to invest up to $3 billion in setting up a cumulative capacity of 5 GW electrolyzer manufacturing. The company aims to manufacture indigenous alkaline electrolyzers and has tied up with technology providers Cavendish Renewable Technology and Hydep. Adani New Industries is also working on anion exchange membrane (AEM) technologies. The move towards indigenous electrolyzer capacity aligns with the company's plans to expand its footprint in the green hydrogen space. The government aims to achieve 5 million metric tonne of annual green hydrogen production under the National Green Hydrogen Mission.

Adani to invest $14 bn in FY25

Thehindubusinessline

Thehindubusinessline · 1y ago

Adani to invest $14 bn in FY25

Adani Group, led by chairman Gautam Adani, plans to invest over ₹1.2 lakh crore (about $14 billion) in various sectors such as ports, energy, airports, commodities, cement, and media. This investment is part of the company's goal to spend $100 billion in the next 7-10 years to expand its businesses. About 70% of the planned investment will be allocated to Adani's green portfolio, including renewable power and green hydrogen projects. The company's strong cash flows and profitability have paved the way for these mega-scale investments.

Adani Group’s 12-month trailing EBITDA up 34.4 per cent y-o-y

Thehindubusinessline

Thehindubusinessline · 1y ago

Adani Group’s 12-month trailing EBITDA up 34.4 per cent y-o-y

Adani Group reported a 34.4% increase in its trailing 12-month EBITDA at ₹78,823 crore ($10.5 billion), with core infrastructure businesses contributing ₹66,208 crore ($8.8 billion). The group plans to invest approximately $100 billion in renewable energy transition over the next few years. Adani Enterprises, the group's incubator, oversees emerging businesses such as airports, green hydrogen, roads, data centres, and defence, contributing around 45% to the group's EBITDA. Adani Green Energy aims to increase its renewable capacity from 9 GW to 45 GW by 2030. Adani Ports and Special Economic Zone aims to handle 400 million tonnes of cargo this year.

Adani Group’s 12-month trailing EBITDA up 34.4 per cent YoY

Thehindubusinessline

Thehindubusinessline · 1y ago

Adani Group’s 12-month trailing EBITDA up 34.4 per cent YoY

The Adani group reported strong financial performance in 2023, with a 34.4% increase in EBITDA. The group aims to invest around $100 billion in renewable energy over the next few years. It ended 2023 with a cash balance of $4.5 billion and raised funds of ₹91,290 crore during the first nine months of FY24. Adani Enterprises houses emerging businesses like airports, green hydrogen, and data centers. Adani Green Energy plans to increase its renewable capacity from 9 GW to 45 GW by 2030. Adani Ports and Special Economic Zone recorded a cargo handling volume of 311 million tonnes in FY24.

Adani Group in talks with West Asian sovereign funds to raise $2.6 billion

Livemint

Livemint · 1y ago

Adani Group in talks with West Asian sovereign funds to raise $2.6 billion

The Adani Group is in advanced talks with sovereign funds in West Asia to raise $2.6 billion for airport expansion and green hydrogen projects. They aim to achieve an EBITDA of ₹80,000 crore by March 2024 and have conducted roadshows in London, Dubai, and Singapore to attract investors. Adani Realty has also secured the contract to redevelop the Bandra Reclamation land parcel in Mumbai. Additionally, Adani Green Energy plans to develop a 30 GW renewable energy plant in Khavda, India, which will be the world's largest upon completion.

Indian Oil draws up green hydrogen fuel retail network plan

Livemint

Livemint · 1m ago

Indian Oil draws up green hydrogen fuel retail network plan

Indian Oil Corp. (IOC) plans to establish a nationwide green hydrogen fuel retail network as part of a $30 billion investment to achieve net zero emissions by 2046. The initiative will replace grey hydrogen with green hydrogen for internal use in refineries and cater to growing mobility demand for green hydrogen fuel cells in India. The strategy underscores Indian Oil's commitment to sustainable energy solutions and expanding its role in the green hydrogen market.

NHPC plans over ₹80,000 cr investment for 20GW PSP, eyes green energy arm listing by FY27 | Company Business News

Livemint

Livemint · 6m ago

NHPC plans over ₹80,000 cr investment for 20GW PSP, eyes green energy arm listing by FY27 | Company Business News

NHPC Ltd, India's largest hydropower firm, plans to invest ₹84,000 crore to develop 20 GW of pumped storage capacity through joint ventures, totaling a capex of ₹1.2 trillion. By FY27, NHPC aims to list its renewable energy arm, NHPC Renewable Energy Ltd (NREL), after expanding its 261.7 MW renewable capacity, with another 1,490 MW under construction. The company also explores green hydrogen production and aims for 22 GW hydropower capacity by FY2034.

Adani puts Hindenburg behind with a $3-billion fundraising plan

Livemint

Livemint · 1y ago

Adani puts Hindenburg behind with a $3-billion fundraising plan

The Adani Group is in talks with several global private equity firms and Indian banks to raise $2.5-3 billion in the next four months. Firms such as Centerbridge Partners, Pacific Capital Group, and International Holding Co. have expressed interest in investing in Adani New Industries, Adani Airport Holdings, and Adani Green Energy. The funds will be used to fast-track projects in the airport and renewable energy sectors, including the Navi Mumbai International Airport and the group's green hydrogen and solar panel manufacturing businesses. The Supreme Court ruling on the Hindenburg Research case has renewed interest in the Adani group's projects.

Adani Green to raise $1.12 bn to expand renewable energy capacity

VCCircle

VCCircle · 1y ago

Adani Green to raise $1.12 bn to expand renewable energy capacity

Adani Green Energy, an Indian renewable energy company, will receive a $1.12 billion investment from its key shareholders to expand its renewable power capacity. The company plans to issue 63.1 million warrants on a preferential basis, with each warrant convertible into an equity share. The funds will be used to reduce debts and accelerate investment in various projects. Adani Green aims to achieve its target of 45 GW renewable capacity by 2030, up from the current 8.4 GW. The company has already raised $3 billion for its renewable capacity.

Adani Group to invest $100 bn over five years in clean energy sector

Economic Times

Economic Times · 2m ago

Adani Group to invest $100 bn over five years in clean energy sector

The Adani Group plans to invest $100 billion over the next five years in the clean energy sector, aiming to achieve a 100 GW energy generation capacity by 2030. The plan includes 31 GW from Adani Power and 45 GW from Adani Green Energy in renewable energy. Additionally, the Group is undertaking a significant urban rehabilitation project in Dharavi and advancing its ports, airports, and solar manufacturing projects, reinforcing its commitment to India's infrastructure development.

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