GabyWind and solar power plant solar energy Adani Green Energy Limited (AGEL) will be built. This clean energy company is a subsidiary of Adani Group, the largest coal importer in the country and a leading coal producer. The renewable energy division is managed by Sagar Adani, the nephew of Gautam Adani, the owner of Adani Group and the richest person in Asia with a personal fortune of over $100 billion.
Sagar Adani shared. CNN The largest power plant in the world will be five times bigger than Paris and will be visible from space. It will be located in the western state of Gujarat, covering an area of about 520 square kilometers (200 square miles). The construction cost is $20 billion, and it will take about five years to complete.
The scale of the project to transform a barren salt desert into one of the largest sources of clean energy on Earth is astonishing. It will be the world’s largest renewable energy park, meeting the electricity needs of 16 million Indian homes.
Moreover, this facility will be crucial for India’s efforts to reduce. environmental pollution and achieve climate goals. The park will simultaneously meet the energy needs of the most populous country in the world and the largest rapidly growing economy.
It should be emphasized that in India, coal still accounts for 70 percent. electricity .
Why is the new giant power plant so important?
According to representatives of AGEL, the clean energy park will be located near the border between India and Pakistan. “The region is so vast that there is no wildlife, vegetation, or housing. There is no better alternative for using this land,” said Sagar Adani.
Over the next decade, the company plans to invest $100 billion in the transition from coal to clean energy, with 70 percent of the investments directed towards renewable energy.
The Adani Group’s transition to clean energy comes at a time when India has set ambitious climate goals. Prime Minister Narendra Modi hopes that renewable sources, such as solar and wind energy, will meet 50 percent of India’s energy needs by the end of this decade. The Prime Minister has also promised that India will achieve net-zero emissions by 2070 (several decades later than developed countries are expected to do).
Meanwhile, experts claim that the demand for electricity in the country will continue to grow each year. As the economy develops, the urban population will rapidly increase. This will lead to mass construction of housing, offices, shops, and other facilities.
It is expected that in the coming years, the demand for electricity will grow due to various factors, from rising living standards to climate change. According to forecasts, by 2050, the demand for electricity in India for household air conditioners alone will exceed the total energy consumption across all of Africa.
Therefore, the country cannot rely solely on fossil fuels to meet its needs, as this would inevitably lead to catastrophic consequences for the environment.
Sagar Adani
A spoonful of tar.
Adani Group is not only one of the largest developers and operators of coal mines in India. The company also manages the controversial Carmichael coal mine in Australia, which has faced fierce opposition from environmental activists. They are fighting against the consequences of the climate crisis and call the mine a “death sentence” for the Great Barrier Reef.
Tim Buckley, director of the Sydney-based analytical center Climate Energy Finance, claims that Gautam Adani is trying to sit on two chairs at once. “It would be much better for India if the company directed 100 percent of its efforts and resources towards developing low-cost zero-emission technologies,” Mr. Buckley added.
