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Ambani-Adani conflict in future renewable energy supremacy

  India moves to the future with green and clean energy in mind. Besides, being great for the environment, it may also destroy a direct business rivalry in their own rights among the two business leaders, Ambani and Adani group from India. Even if it has the potential to herald a new era in the renewable energy segment, it may create turbulence in the economy though.
The billionaires, Mukesh Ambani and Gautam Adani hail from Gujarat, with a huge reserve of family wealth. They have been outstandingly successful in every sphere ventured so far. Yet, almost on no occasion, they have faced off against each other, keeping a respectful space. In the rush to be the supreme clean energy provider, the condition may change in the coming decade.
India’s power requirement is still highly dependent on coal, which is under the Adani-run companies. They focus on the utilities and infrastructure sector. Alternatively, the Ambanis delve into telecom, petroleum and retail, hence their spheres never overlap.
With the rising demand of alternative energies, the Adani group eyes the same with their Adani Green Energy. They are targeting a 25 gigawatt of energy goal by 2025. Supported by 20 percent shareholder, Total Energies SE from France, in the company, together they share an aim to be the largest renewable energy producer in the world by 2030.
The major competition to this goal may come from India only, as Mukesh Ambani is growing in the same sector currently. Now, he is investing US$10 billion in clean power and fuel over three years and claims to be the ‘most challenging’ mission of his life. According to the Ambani group, their goal is not to dominate the field but to meet 100 gigawatts of Modi’s green energy target of 450 gigawatts by 2030 only.

However, their aggressive expansion and strategies in the telecom sector have put out major competitions from the market. The Adani group is set to face a tough challenge ahead.
It is a great future market for highly-dense country like India. With better human resource utilization in every sector, the demand for energy will increase manifold in future. As the traditional energy resources are useless or the price is on the steep rise, demand for renewable and unconventional energy sources is in high demand now. The Ambani-Adani group conflict is only the beginning of the scuffle and it may even transcend the nation on an international scale.
Besides this mega-rivalry, there are other economic superpowers to provide tough competition to the Ambani-Adani supremacy in India in energy sector.

There is the Tata group, with a backing of industrialists, a deep-routed heritage in India. Their renewable energy wing, Tata Power is planning ground-breaking work in solar energy, EV charging stations and home automation. They are also planning to provide energy audit services to industrial and commercial consumers. With Tesla set to come to India in 2022, Elon Mask will eye a sector of the renewable energy segment. Jeff Bezos has a goal of completely renewable energy-producing by 2030. Amazon Sustainability already has 8.5 gigawatts of electricity production capacity globally now, which can be a challenger in India too. The Ambani and the Adani group are equipped to face the challenges. Mukhesh Ambani’s Reliance has US$13 billion of annual earnings. The Adani group is faring well with its ports, mines, power generation and warehousing across India. A clash for the supremacy in renewable power may harm the Indian economy for a short time. However, a definite winner or an amicable collaboration can take the country leagues forward in achieving complete renewable energy usage in the coming decade.



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