On February 17, 2026, India’s Adani Group said it will invest $100 billion by 2035 to build renewable-energy-powered, hyperscale “AI-ready” data centres — and, crucially, to build them as an integrated energy-and-compute platform rather than a string of standalone server farms.
If that sounds like corporate ambition-speak, look at the unit economics hiding in plain sight: electricity is rapidly becoming the binding constraint on AI. The International Energy Agency (IEA) projects global data-centre electricity consumption reaches ~945 TWh by 2030, roughly doubling from today’s levels in its base case.
Adani’s announcement is a bet that India can compete in the “intelligence economy” by doing what it already knows how to do at industrial scale: build physical infrastructure — power generation,
