Adani Group to invest over $75 bn in energy transition over next 5 years

Adani Group Chairman Gautam Adani on Tuesday said the conglomerate will invest over $75 billion in the energy transition space over the next five years. 

Speaking at the 100th foundation day of the Indian Institute of Technology (Indian School of Mines), Dhanbad, Adani told students that as they graduate, they are stepping into a moment of extraordinary promise, where the global green energy transition is emerging as the largest industry of our time, worth several trillion dollars over the coming decades. “It will fuel the rise of electricity-based manufacturing, green steel, green fertilisers, hydrogen ecosystems, and the critical infrastructure on which AI and digital economies depend, which is also why we are investing over USD 75 billion in the space of energy transition over the next five years."

He said the group is building the world’s largest renewable energy park at Khavda in Gujarat, spread over 520 sq km. "At full capacity by 2030, this park will generate 30 gw of green energy. At average household consumption, this is equivalent to powering over 60 million homes a year," he said.

He said India must chart its own development path and resist external pressures that seek to dictate its growth trajectory. He called for mastering natural resources and energy systems as the twin foundations of 21st-century sovereignty, describing this era as India's "Second Freedom Struggle" for economic and resource independence.

In separate news, in a major boost to Adani Group companies, global rating agency Moody’s has upgraded the outlook for several Adani Group restricted entities and reaffirmed their ratings, citing strong operational performance, fully amortising debt structures, and robust project frameworks.

Notably, Moody’s is the third U.S.-based rating agency—after S&P and Fitch—to take positive rating action on billionaire Gautam Adani-led power-to-port conglomerate in the recent past.

In August, S&P Global Ratings upgraded the outlooks on several key Adani Group companies from “Negative,” citing their strong operational performance and improved access to funding. Last month, Fitch Ratings revised the outlook to “Stable” for multiple Adani Group entities, removing them from “Negative” outlooks and “Rating Watch Negative.”

The Adani Group has been under intense global scrutiny since early 2023, following a short-seller report and subsequent investigations by Indian regulators and U.S. authorities. In November 2024, the U.S. Department of Justice indicted Gautam Adani and other executives on governance-related issues, while the U.S. Securities and Exchange Commission (SEC) launched civil proceedings against them.