| | DECEMBER 20238The Adani Group, led by billionaire Gautam Adani, has pledged to invest $100 billion in the green energy sector within the coming decade. This commitment extends across five companies within the conglomerate: Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements. Together, they aim to attain net-zero emissions by 2050. The Adani portfolio firms have actively embarked on initiatives for decarbonization and have committed to planting 100 million trees by 2030. Additionally, the company emphasizes the significance of implementing last-mile green hydrogen solutions as a crucial aspect of achieving the net-zero transition.The conglomerate underscores its efforts towards decarbonization and its commitment to supporting global net-zero goals. According to the company, its portfolio businesses actively embrace renewable energy sources, adopt electrification measures, utilize biofuels, and implement technologies like waste heat recovery and energy storage. The Adani group also outlines plans for an ambitious green hydrogen ecosystem. Situated on Gujarat's west coast, this project will be backed by a fully integrated value chain.Regarding specific companies within the conglomerate, Adani Electricity Mumbai, a subsidiary of Adani Energy Solutions, has significantly increased its share of renewable energy in the overall energy mix to 38.3 percent. This notable achievement is a result of the collaboration between Adani Energy Solutions and Adani Green Energy. Additionally, Adani Green Energy has reached a milestone by achieving zero waste to landfill across all operational sites and achieving net positive water balance at locations with a capacity of 200 MW or more. ADANI GROUP COMMITS $100 BILLION FOR 10-YEAR GREEN ENERGY SHIFTRELIANCE INDUSTRIES, DBS BANK PARTNER FOR CBG PROJECT FINANCINGIN FOCUSIN FOCUSReliance Industries Ltd has collaborated with DBS Bank India to introduce a financing initiative targeted at compressed biogas (CBG) facilities. This financial arrangement aims to foster ecosystem development for vendor partners involved in aggregating agricultural residues for use as inputs in Reliance's Compressed Biogas (CBG) production plants throughout India. The company mentioned that the funding structure will be tailored to optimize logistics, ensuring competitiveness in this emerging stream while achieving increased commercial scale.India generates a significant volume of agricultural residue, typically burned due to the absence of necessary processing infrastructure and logistical support. The agricultural residue supply chain has been disorganized thus far, lacking adequate incentives and financial support for farmers and aggregators."Recognizing this as a crucial aspect in their net-zero strategy, Reliance Industries aims to invest nationwide in producing CBG, serving as a domestic substitute for imported CNG and other fossil fuels", the company stated. They highlighted that while CBG technology has progressed, its commercialization requires the development of fresh infrastructure and engagement with the value chain involving farmers across various states.RIL has outlined plans to establish approximately 100 CBG plants within the next five years, utilizing over 5.5 million tonnes per annum of agricultural residue and organic waste. This initiative is expected to result in an estimated annual reduction of nearly 2 million tonnes of carbon dioxide emissions.
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