Greening the power grid

Greening the power grid

Around 90% of the world’s power needs should come from renewable energy (RE) by 2050, according to an estimate by the International Renewable Energy Agency (IRENA). This would require an investment of more than $4 trillion globally on an annual basis – RE forming the larger chunk of the energy mix, states a report prepared under India’s G20 Presidency. 

Would this mark the end of fossil fuels? Maybe it is already the “beginning of the end for the fossil fuel era”, feel some climate analysts. According to them, “Annual emissions may have peaked in 2023 as the net zero mission intensifies.” Ahead of COP28, the United States and China agreed to triple the global RE capacity by 2030. Their aim is to replace fossil fuels with RE in power generation and realise significant cuts in power sector emissions, according to their joint statement. After the U.S. and China, India is the third-largest global emitter of CO2.

India has set an ambitious target of achieving 500 GW by 2030. To reach this milestone, it will have to add at least 50 GW of renewable energy capacity annually for the next six years, say experts. In 2023-24, we added 18.48 GW. The number maybe half the expected figure but it is over 21% higher than 15.27 GW a year ago, as per data from the Ministry of New & Renewable Energy.

By the end of this decade, 50% of the country’s energy needs would be met by renewable sources, including solar and wind power, Prime Minister Narendra Modi has said. He pledged in 2021 that India would achieve net zero emissions by 2070. As a growing major force in the global energy economy, India’s energy consumption has more than doubled since 2000, propelled by a growing population. In less than two decades, over 900 million citizens have gained a power connection, as per the IEA’s Energy India Outlook report. Rapid growth in industrialisation and urbanisation will increase the demand for energy in the coming years.  

The Adani Group’s shift to clean energy is in line with India’s ambitious climate targets. Adani Green Energy Limited (AGEL) aims to contribute 9% to the government’s target of 500 GW. The world’s largest solar developer and the country’s largest renewable energy company plans to generate around 30 GW from its Khavda project – the world’s largest energy park – in Gujarat. The company has already operationalised 1,000 MW of solar energy at this plant. A robust power transmission infrastructure is taking shape in the form of a green energy corridor.

AGEL has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid. “What started as a mere idea to explore clean energy has now achieved a phenomenal 10,000 MW in installed capacity in less than a decade,” said Adani Group Chairman Gautam Adani. “This achievement is a demonstration of the rapidity and scale at which the Adani Group aims to facilitate India’s transition to clean, reliable and affordable energy.”

AGEL’s operational portfolio has the capacity to power millions of homes and simultaneously avoid millions of tonnes of CO2 emissions. It is setting a precedent for how innovative technology, execution capabilities, digitisation, a robust supply chain network, and long-term infrastructure financing, combined with sustainable practices, can drive the clean energy transition and decarbonisation on a giga scale.

India will require a huge amount of energy to fulfill its economic development plans in the coming years. As the country grows and develops, the demand for power is bound to shoot up. The government has introduced initiatives to promote renewable energy. Government policies, particularly financial support, are hugely influential in determining how the sector develops, including the direction of private sector investments, energy access, and the benefits and costs for the people, say analysts.

drought to green

Changing landscape, benefiting lives

By bringing children back to classrooms, skilling women and youth for gainful employment, addressing health issues, and developing rural infrastructure, corporates are adopting activities that bring about holistic development in communities around them. From being voluntary to mandatory, corporate social responsibility (CSR) has moved on from a mere list of activities companies highlight in their reports.

The good news is that corporates understand that CSR contributes to socio-economic development of a country, and are striving towards making a positive change by working to uplift the underprivileged. They are pitching in to support the government and civil society to address problems. According to the Thomson Reuters Foundation, profit with purpose is becoming the new norm. Now, leaders of companies, both big and small, want to be recognised as “forces for good”. Corporate responsibility is becoming more widely accepted as businesses are moving beyond compliance.

With its pan-India presence, the Adani Group is helping people improve their living conditions through its CSR arm, Adani Foundation, by stepping up community welfare work in the areas of healthcare, education and women’s empowerment. It discharges its social obligations, for instance, by setting up schools, organising health camps, and providing skill training to youth and women, fulfilling the goals of government’s education, skill development, and ‘Make in India’ programmes.

Communities around its sites, whether ports or power plants, benefit from direct and indirect employment generated by the businesses. Youth – both young men and women – get employment or start their own ventures after being trained at the Adani Skill Development Centre (ASDC). To empower young girls and women, assistance is provided in the form of training to make them self-reliant. Adani Wilmar’s Project Suposhan, which is implemented by the Foundation, is another programme that not only empowers women but also helps fight malnutrition in children and pregnant women. Women trained under the project are known as Suposhan Sanginis (health volunteers), and counsel people on various matters like girl’s education and marriage. Their counselling and timely intervention has helped prevent several child marriages.

The Foundation also empowers women by promoting self-help help groups. With their help, several vermicompost units have been developed, benefiting local farmers. Women are actively pursuing dairy and organic farming in places like Kawai in Rajasthan and Kutch in Gujarat.

The Foundation aims to promote sustainable livelihoods and economic growth by reviving and promoting regional craft, like Sikki craft of Singrauli in Madhya Pradesh, Soonf and mud work of Mundra in Gujarat, Maharashtra’s Warli art, palm leaf products of Kattupalli in Tamil Nadu and coconut shell items of Vizhinjam in Kerala.

Education is a basic right that millions of children are deprived of due to reasons like poverty, gender, disability, and early marriage. The Foundation aims to mainstream such children in the formal education system. Its aim is to reduce the gap between educational resources and the inability to access quality learning. It has opened schools in the remotest of places to make education accessible to all.

With its strategies based on national priorities and Sustainable Development Goals, the Foundation is known for its innovative approach and focus on sustainability, which contributes to the well-being and wealth of communities surrounding the Adani Group’s businesses and beyond.

Clean Growth

Clean Growth

Growing awareness around sustainability is making businesses become increasingly conscious of their impact on the planet. They can no longer afford to say ‘grow first and clean up later’ — a serious concern that was raised by four Massachusetts Institute of Technology scientists in their book, The Limits to Growth, in 1972. They suggested that in the absence of any intervention, there could be serious ecological crises, basing their findings on parameters like per-capita consumption, population, industrial and agricultural production, plotted against resource depletion and levels of pollution, including CO2.  The need is to focus on clean growth — goal 7 of the UN’s sustainability goals.

Over five decades later, we are experiencing a catastrophe-like situation which, if not tackled soon, may blow up. Discussions on putting the environment on the political agenda of the dialogue between industrialised and developing countries began in 1972 with the Stockholm UN meet being the first global conference on environment, as per an Multidisciplinary Digital Publishing Institute report. Then came the Earth Summit in Rio de Janeiro in 1992 to understand and acknowledge that it is essential to protect the environment. The Paris Agreement of 2015 can be considered a milestone and the first truly global treaty on climate action, says the report.        

We observed Earth Day on 22 April, 2024. Some climate scientists believe all is not gloom and doom as we have made progress since we first observed Earth Day 50 years ago. We have been able to fix some major man-made environmental issues. We have also made remarkable headway with renewable energy — wind and solar power are the cheapest sources of electricity on the planet, and electric vehicles are now the new norm.

India is at the cusp of a green revolution, with the ability to preserve the environment and fully utilize the potential of solar and wind power. The country has set an ambitious target of achieving 500 GW by 2030. To reach this milestone, it will have to add at least 50 GW of renewable energy capacity annually for the next six years, say experts. In 2023-24, we added 18.48 GW. The number maybe half of the expected figure but it is over 21% higher than 15.27 GW a year ago, as per data from the Ministry of New & Renewable Energy.

Consistently adding to India’s renewable energy (RE) goals, Adani Green Energy Ltd (AGEL) has carried out the largest greenfield expansion. Recently, it surpassed 10,000 MW of operational portfolio, delivering reliable, affordable, and clean power to the national grid. AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity. It represents about 11% of India’s installed utility-scale solar and wind capacity, contributing over 15% of India’s utility-scale solar installations. The company has created over 3,200 direct green jobs.

“The Adani Group aims to facilitate India’s transition to clean, reliable and affordable energy,” said Chairman Mr. Gautam Adani. “In our drive towards 45,000 MW by 2030, we are building the world’s largest renewable energy plant in Khavda — a 30,000 MW project unparalleled on the global stage. AGEL is not just setting benchmarks for the world but redefining them.”

These positive developments show that we are striving towards sustainability — encompassing economic, environmental, and social aspects of development. 

Earth Day

Powering a Greener Future this Earth Day and Beyond

Although our world is fantastic, it requires our assistance to survive! For this reason, more than a billion people commemorate Earth Day on April 22 every year to save the earth from environmental threats like pollution and deforestation. We can contribute to a happier and healthier planet by doing litter pickup and planting trees. 

The first Earth Day was observed in 1970 when a Wisconsin senator coordinated a nationwide protest to draw attention to environmental issues. Nationwide demonstrations were held, and by year’s end, the US government established the Environmental Protection Agency. Earth Day was observed in more than 140 nations worldwide by 1990

Unprecedented threats confront our planet: deforestation, pollution, biodiversity loss, and climate change. The purpose of Earth Day is to increase public awareness of the need to safeguard the planet’s natural resources for coming generations. 

One of the most critical challenges is assisting India in meeting its energy needs while minimising its environmental impact. Adani Group’s efforts to conserve the environment are intended to lessen the threat of deteriorating landscapes and transform them into more lush, productive land areas. Reviving environmentally sensitive places like Mundra, where we have preserved and expanded mangrove afforestation, is a prime example of success in this regard.

As the pioneering electricity provider in India, we implemented ‘supercritical’ technology to lower CO2 emissions, a move that earned us the UNFCCC’s Clean Development Certification. We also manage one of the world’s biggest solar power projects, the Kamuthi Solar Power Project in Tamil Nadu. When it comes to cutting waste and increasing efficiency, we are leading the way. Our Khavda Renewable Energy Park in Gujarat, which is five times the size of Paris, is one of the biggest in the world. 

Plastic pollution is spreading quickly over the earth and is present in almost every place. Even in its smallest form, known as microplastic, it harms human health. Microplastics are little, synthetic plastic particles that cling to surfaces. They were discovered in the bodies of fish and other marine animals.

The event’s theme this year is “Planet vs. Plastics,” which aims to increase public awareness of the detrimental effects that plastic pollution has on both human and environmental health. The theme was selected with the historic UN plastics convention in mind, which is anticipated to be adopted by the end of 2024. 

Do you know that Adani Energy Solutions has been acknowledged by the Confederation of Indian Industry-ITC Center of Excellence for Sustainable Development as a “single-use plastic-free” enterprise? 

The company has received certification for its effective voluntary adoption of single-use plastic-free policies throughout its 37 operating locations, which are scattered throughout ten states in the nation.

AESL has certified with “Water Positive certification,” “Single-use Plastic Free Company”, and “Zero Waste to Landfill certification” to its list of accolades, making it the first electrical utility in India to do so.

This Earth Day, let’s pledge to be the change we want to see – a world brimming with life through sustainable solutions.

Helping Propel The India Growth Story

Helping propel the India growth story

The India growth story continues unabated. If we look at different projections, all point towards a positive outlook. One positive indicator is the increase in cargo volume handled at the ports. The rise in volumes is a sign that the nation’s economy is picking up. As almost 95% of the cargo is moved through maritime transport, it is necessary to have world-class mega ports on the Indian coastline that spans around 7,500 km. Of the ports dotting the coastline, Adani’s ports and terminals have registered a remarkable growth. Ever since it began operations over 25 years ago, Adani Ports and Special Economic Zone (APSEZ) continues to outperform all-India cargo volume growth, with its market share rising rapidly.

All was not hunky dory though. Things changed in 1991 with the then Prime Minister P.V. Narasimha Rao and Finance Minister Manmohan Singh initiating sweeping economic reforms. Like many other entrepreneurs, Mr Gautam Adani, too, was a beneficiary of those reforms. Ports, an important sector, faced challenges that prevented growth. As per a report, the government adopted measures for developing the port sector, including the introduction of the Maritime Agenda aimed at bringing Indian ports on par with international ports in terms of performance and capacity. 

In Gujarat until 1995, when Keshubhai Patel became the Chief Minister, all development was around NH-8 from Mumbai to Delhi via cities like Vapi, Ankleshwar, Bharuch, Silvassa, Vadodara, Surat and Ahmedabad. Being a visionary, Keshubhai focused on coastal development. It was the policy change introduced by him that took Gautambhai to Mundra and prompted him to build his first port. Through concession agreements with various government authorities, Adani Ports has strategically built a string of ports across the coastline of India along with ICDs (inland container depots) and warehouses, woven intricately with self-owned rakes, covering more than 70% of the hinterland. 

The company has seen growth year-on-year at container terminals because of its efficient infrastructure, which not only helps the country increase its share in global trade but also makes it easier for consumers to have access to a wide range of international products at reduced costs. Also, lower logistics costs allow Indian businesses to export goods around the world, boosting the domestic economy and raising the employment rate of Indians. The engagement with container lines and the resolve to deliver on commitments has led to more new services at its terminals, resulting in a rise in volumes.

For instance, mechanized infrastructure and operational planning helps vessels berth without delay. This means if a vessel carrying fertilizer berths at Mundra Port, it does not have to wait for a long time. Fertilizers are removed quickly, followed by fast bagging and loading onto rakes with minimum wastage. This helps in the delivery of fertilizers to farmers round the year, resulting in growth in agri exports due to India’s record high foodgrain production.

Mundra is the jewel in the company’s crown. With the focus on improving operational efficiencies along with customer-oriented initiatives, it has achieved remarkable feats and created new benchmarks. As a result of the confidence shown by long-time customer Maruti Suzuki India Limited, it handles a high RO-RO volume of cars. Hazira has also been continuously witnessing sustained a growth in chemical volumes year-on-year due to its proximity to the chemical hub of India.

The ability to handle and ship large goods not only significantly impacts revenue at ports but also makes them attractive to major shipping lines. The company’s strategic partnership with the world’s largest shipping lines like MSC and CMA- CGM, the country’s largest container vessel APL Raffles and the deepest draft container vessel MSC Washington has strengthened its leadership position. Shipping larger quantities in a single shipment is very cost-effective. The foresight to maintain deep draft ports (cape-enabled) enables customers bring in larger vessels, lowering their overall logistics cost. Krishnapatnam Port has handled capesize vessels like MV NS HAIRUN carrying iron ore. Being the leader in container business is no mean feat!

At a time when the country’s electricity demand is at an all-time high, Adani Ports has risen to the occasion and handled the sudden surge of imported coal volumes flowing to India. In line with the government’s vision of RSR (Rail-Sea-Rail) movement of domestic coal, it has begun offering coastal coal export solutions through Gangavaram Port.

Ports are dynamic and an inevitable part of the transportation system, driving the nation’s economic growth. As trade expands and becomes more diverse, there will be an increasing need for ports and trade infrastructure.