[ad_1]
world news
A billionaire CEO whose family made a fortune mining coal is building the world’s largest renewable energy plant that will be visible from space when completed, according to a report.
Sagar Adani of Adani Green Energy Limited (AGEL) is turning 200 square miles of barren salt desert in India into a large-scale energy park using solar and wind farms. He told CNN Business he plans to change that.
“With such a large area, there is no disturbance, no wildlife, no vegetation, no habitat. There is no better use for that land,” Andani told CNN.
The Executive Director has a family history with deep involvement in the energy sector. His uncle, Gautam Andani, is Asia’s second-richest man, having amassed a $100 billion fortune from the Andani Group, India’s largest coal importer and leading coal mining company, the paper said. .
Andani, a 30-year-old young man, said he is turning to renewable energy to meet the demand of India’s projected growing middle and upper classes and electricity users. Currently, 70% of the country’s electricity is produced by coal.
AGEL is investing $20 billion to build renewable energy parks over five years. Once completed, it will be about five times the size of Paris and will generate enough electricity to power 16 million homes in India, or all of Switzerland, CNN reported.
Prime Minister Narendra Moshi has pledged that by 2030, 50% of India’s energy will come from renewable sources such as solar and wind.
These are ambitious goals as India’s economy, urban areas and energy demand are expected to soar.
According to the International Energy Agency, India will experience the highest growth in energy demand of any country in the world over the next 30 years due to its rapidly growing economy.
“Imagine adding 800 GW of coal-fired power generation capacity…this alone would negate all other sustainable energy efforts being made around the world in terms of carbon emissions. That is the case,” Adani said.
He acknowledged that it is not possible to make it a 100% renewable resource, as it is currently not practical.
“I think it’s also very important to respect the fact that every country has its own right to ensure that its citizens are well-served from an energy perspective,” Adani told CNN. Told.
“So does India produce a little bit of coal? Yes, of course it does. But is it deploying a lot of renewable energy? Yes, there is no question about it,” he said. added.
[ad_2]
Source link
