Billionaire Gautam Adani got rich from coal. Today, his company is building a green energy plant the size of Chicago.

by MMC
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It will cover 200 square miles, almost the size of Chicago.

Adani Green Energy Limited (AGEL) is building the solar and wind power plant in a salt desert in the western Indian state of Gujarat. AGEL is the clean energy unit of the Adani Group, India’s largest coal miner and importer, founded by billionaire Gautam Adani in 1988. Adani is currently the second richest person in Asia, according to Forbes.

The Adani Group has promised to invest $70 billion in clean energy by 2030 – including $20 billion on this project alone – as India attempts to reduce its dependence on fossil fuels. CNN reported.

“India has no choice but to start doing things at an unimaginable size and scale,” Sagar Adani, nephew of Gautum Adani, 30, and executive director of AGEL, told CNN .

And AGEL’s massive new factory could be a major step in getting there.

The project, expected to be completed in five years, will create 15,200 green jobs and produce enough clean energy to power 16 million Indian homes, AGEL said in a press release on its website.

As India develops, Sagar Adani told CNN he hopes his country will not consume as much fossil fuel as other countries have during their development.

“If India does what China has done, if India does what Europe has done, if India does what the United States has done, then we all find ourselves facing a climate future very, very dark,” Sagar Adani told the media outlet.

However, AGEL’s commitments to factories and green energy still rely on profits from coal production.

Adani Group’s coal mining operations account for at least 3% of global coal-related carbon dioxide emissions, and the group makes 62% of its revenues from fossil fuels, Bloomberg reported.

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