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The news that India’s two of the richest men in Indian are vying to be at the forefront of Prime Minister Narendra Modi’s ambition to ramp up green energy capacity is uplifting (“Fossil fuel giants in fierce battle for solar domination,” July 9, Gulf Today).
It’s rare when such things happen because business interests play a pivotal role for tycoons. Rarely the environment or the welfare of the masses take precedence over profits for business magnates. So it is rare, in more ways than one, to see India’s top billionaires sparring over solar energy.
Ambani announced last month he will build 100 GW in solar energy capacity over the next nine years.
He said his group would spend $10 billion over the next three years in building solar manufacturing units, a battery factory for energy storage, a fuel cell factory, and a unit to produce green hydrogen. Three days later, Adani announced that his green...read more...