Mukesh v/s ANIL
This is a bit of a funny story because Gautam Adani has plans to take on fellow billionaire Mukesh Ambani's green energy plans with ANIL.
No, not Mukesh's bro Anil, but a new subsidiary called Adani New Industries Ltd or ANIL for short.
ANIL will take up green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as the Adani group aims to become the world's largest renewable energy company and produce the cheapest hydrogen.
In November, Adani had announced that his group will be investing $70 billion (Rs 5.1 lakh crores) in renewable energy projects over the next decade.
And while his other group companies like Adani Green Energy and Adani Transmission are already spending billions to become even bigger now they have ANIL also to put money into.
The Adani group is the world's largest solar energy player with 12.32 GWac(Gigawatts AC) capacity, more than what the whole of the US had in 2019.
ANIL will develop and operate projects for the synthesis of low carbon fuels and chemicals, generate carbon electricity and will manufacture key components for projects including generation of green hydrogen, related downstream products, electricity generation, manufacture of wind turbines.
ANIL will also manufacture solar modules, batteries, electrolyzers and other related upstream stuff.
All this seems great for both the economy and the environment, and also in line with what the government has planned.
At COP 26 in Glasgow, the PM announced 2070 as India's target year to reach net-zero carbon emissions and a bunch of other very ambitious, climate targets for 2030.