Asia’s richest man, Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after liberalizing its economy in the 1990s, according to AP.
He’s now set his sights on becoming the world’s biggest renewable energy player, by 2030, by promising to align his investments with the government’s own priorities. As India grapples with climate change , the Adani Group, whose operations also span ports, power, farming and defense manufacturing, announced in September plans to invest $70 billion in solar, wind and other green energy projects over the next decade.
Adani, 60, has profited since fellow Gujarati Narendra Modi, India’s most influential prime minister in decades, took office in 2014.The college drop out from a middle-class family fits the government’s need for “national champions,” both to meet domestic goals and as private sector partners in strategic projects outside India, said Mihir Sharma, an economist at the Observer Research Foundation, a New Delhi-based think tank.
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