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Green Hydrogen, EVs, Solar PV modules – Is the way forward for Business Conglomerates in India

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We at Greenworldinvestor, have been touting the benefits of going green for the last decade and more. Now, when the effects of climate change are more pronounced than ever, the world sits up and takes notice. Countries worldwide, are pledging their commitments towards going green and doing their bit in saving the earth. The Indian Prime Minister Mr. Modi also committed to a set of climate targets to be achieved by 2030 and this comes as a huge opportunity for big business houses like the Ambanis, Adanis, and Tatas in India. There is an element of corporate ethics also involved since these companies have the scale and the resources to make things happen in our country and it is expected that others will soon follow suit.

Since renewable sources of energy like wind and solar have become mature in our country, emphasis is now laid on the adoption of green hydrogen and electric vehicles. The government is also encouraging its adaptation for obvious reasons. The Adanis have already partnered with Total Energies to create a green hydrogen ecosystem in our country while Reliance is also looking at investing close to INR 75K crores over the next few years to establish a new clean energy business. Reliance is interested in building a fully integrated end-to-end renewable energy ecosystem and has spent huge amounts in new energy partnerships and acquisitions over the last year. It is estimated that the market size for green hydrogen in India could reach $80 billion by 2030.

Tata Motors is also planning to form a new subsidiary for its electric vehicle business. It is targeting investments of over $2 billion for developing new models, EV battery platforms, charging infrastructure, and battery technologies. Tata is already the national leader in the EV market with its top two car brands Tigor and Nexon. Now, it is developing hydrogen fuel cell powered buses. The company is also setting up a 4GW solar cell and module manufacturing unit in Tamil Nadu.

These business giants are becoming future-ready by making huge green Capex investments and taking meaningful steps towards energy transition. Carbon neutrality has become the new norm and investors now prefer to be associated with companies having high ESG scores. Gaining an access to affordable and clean energy could practically be happening by 2030.


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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