Adani Green plans $9 billion infrastructure spend on green hydrogen in Phase one: Report

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.

Moneycontrol is yet to verify the report independently. The publication quoted sources saying that the plan includes deployment of specialised ships to export hydrogen to Europe and Asia. Initially, the project will utilise alkaline electrolyzers, with future 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.