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Billionaire Adani Adds More Detail on $70 Billion Green Push

  • India tycoon to build solar, electrolyzer, wind turbine plants
  • Country’s drive to curb emissions will need help from US firms
Gautam Adani
Gautam AdaniPhotographer: Abhijit Bhatlekar/Bloomberg

Indian tycoon Gautam Adani, the world’s third-richest person, offered new details on his $70 billion push to tap the global shift to clean energy, outlining plans for three giant factories to produce renewable power equipment.

Adani’s coal-to-ports conglomerate, which still relies heavily on profits from fossil fuels, will build major facilities to manufacture electrolyzers for making green hydrogen, wind power turbines and solar panels, he told a meeting of the U.S.-India Business Council on Wednesday.