Billionaire is building world’s largest clean energy plant 5 times the size of Paris
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LAUREN TAYLOR
IN WESTERN INDIA, ADANI GREEN ENERGY LIMITED IS BUILDING THE WORLD’S LARGEST ENERGY PLANT.
ITS FIVE TIMES THE SIZE OF PARIS AND VISIBLE FROM SPACE, SPANNING 200 SQUARE MILES – ACCORDING TO A REPORT FROM CNN.
THE CEO – SAGAR ADANI – SAYS IT’LL COST $20 BILLION AND POWER 16 MILLION HOMES IN INDIA WHEN COMPLETED.
DESPITE RECENT CHALLENGES, THE ADANI GROUP PLANS TO INVEST $100 BILLION DOLLARS IN INDIA’S ENERGY TRANSITION OVER THE NEXT DECADE… 70% OF WHICH WILL BE ALLOCATED TO CLEAN ENERGY
INDIA IS AIMING FOR 50% RENEWABLE ENERGY BY 2030 AND NET-ZERO EMISSIONS BY 2070.
CRITICS, HOWEVER, CONTINUE RAISING CONCERNS ABOUT ADANI’S INVESTMENTS IN FOSSIL FUELS, AND URGES A SHIFT TO ZERO-EMISSIONS TECHNOLOGIES.
ADANI STRESSED THAT THERE’S A NEED TO BALANCE ENERGY DEMANDS WITH SUSTAINABILITY, SAYING IT’S NOT PRACTICAL FOR INDIA TO BE RELIANT ON 100% SUSTAINABLE ENERGY SOURCES AT THE MOMENT, CNN REPORTS.
ADANI SUSPECTS INDIA’S ELECTRICITY DEMAND WILL SURGE IN COMING YEARS — DUE TO RISING LIVING STANDARDS AND CLIMATE CHANGE-INDUCED HEATWAVES — LEADING TO A SIGNIFICANT INCREASE IN AIR CONDITIONER OWNERSHIP.