Adani Announces 3 Green Giga Factories In India

• Adani Group says by 2030 it will establish giga factories for solar modules, wind turbines and hydrogen electrolyzers in India
• It plans to invest billions in realizing these targets; for solar PV the idea is to have polysilicon to modules manufacturing
• The factories are likely to generate an additional 45 GW renewable energy, and 3 million tons of hydrogen annually

The richest man in Asia, according to Bloomberg Billionaires Index, Gautam Adani has said by 2030 his company will build 3 giga factories — one each for solar modules, wind turbines and hydrogen electrolyzers in India with a vertically integrated value chain.

These efforts will be funded by a €70 billion investment commitment for clean energy, said Adani while receiving the US India Business Council (USIBC) 2022 Global Leadership Award.

For solar PV, the plan is to build a vertically integrated facility that would produce everything needed from polysilicon to final modules. Adani also said these 3 giga factories will generate an additional 45 GW renewable energy which will add to its existing 20 GW capacity along with generating 3 million tons of hydrogen on annual basis.

These efforts are likely to be led by Adani New Industries Limited (ANIL) launched by the group in January 2022 as its green hydrogen and low carbon energy vehicle including manufacturing of solar PV technology (see Adani Launches New Energy Business Subsidiary).

With these giga factory plans, Adani has joined its peer Mukesh Ambani led Reliance Industries Limited (RIL) that has already announced plans to develop 4 such facilities — for solar PV, energy storage, green hydrogen fuel cell systems, and recently added power electronics to the list (see Reliance Announces Power Electronics Gigafab).

As 2 of India's largest and most diversified privately held business conglomerates train their lens on green manufacturing including for solar PV, the country is poised to grow in this space in the times to come. Recently, an Ember study counted India among 5 Asian nations as leading the continent in solar energy space (see Expect 'Exponential' Solar Growth Across 5 Asian Nations).