AM Green announces $25 billion investment for 1 GW AI data centre in Uttar Pradesh
AM Green announces $25 billion investment for 1 GW AI data centre in Greater Noida, Uttar Pradesh, with phased development completing by 2030. The facility will be powered entirely by carbon-free energy from renewable sources and may involve 500,000 high-performance chipsets. This positions AM Green among major Indian conglomerates investing heavily in data centre infrastructure, including Adani Group ($15 billion), Reliance Industries ($11 billion), and TCS ($6.50 billion), as India seeks to bridge the gap between its 20% share of global data and only 3% of data centre capacity.
*this image is generated using AI for illustrative purposes only.
AM Green, the clean energy venture backed by Greenko founders, has announced a massive $25 billion investment to establish a 1 GW AI data centre in Uttar Pradesh. The company has signed an agreement with InvestUP, the investment-focused agency of the Uttar Pradesh government, with the MoU being signed at the World Economic Forum in Davos.
Project Overview and Timeline
The AI infrastructure hub will be established in the Greater Noida region and developed in a phased manner. The ambitious project timeline spans the next six years, with specific milestones clearly defined.
| Parameter: | Details |
|---|---|
| Total Investment: | $25 billion |
| Capacity: | 1 GW |
| Location: | Greater Noida, Uttar Pradesh |
| First Phase Completion: | 2028 |
| Full Project Completion: | 2030 |
| Production Target: | March 2026 |
| Chipsets: | 500,000 high-performance units |
The facility is designed to meet the requirements of global hyperscalers, frontier labs, enterprises, and India's sovereign AI initiatives at scale, utilizing completely carbon-free energy solutions.
Renewable Energy Integration
A key differentiator for AM Green's data centre project is its commitment to sustainable operations. The facility will leverage AM Green's existing renewable energy capacity and be powered by round-the-clock carbon-free energy solutions. The energy mix will include wind, solar, and pumped storage supplies from the group's green power projects.
Industry sources indicate that Greenko's data centre venture aligns with the company's surplus annual green energy generation capacity. The company's current status of having round-the-clock green energy supply represents a major competitive advantage in the power-intensive data centre sector. Unlike traditional operators, AM Green will not rely on state-level contracts with power distribution companies, potentially improving business efficiency while exploring energy cost benefits through state subsidies.
Industry Context and Competition
AM Green's announcement positions it among several major Indian conglomerates making significant investments in the data centre space. The move comes as AI adoption accelerates globally and India seeks to bridge the gap between its data generation and processing capacity.
| Company: | Investment | Capacity | Location |
|---|---|---|---|
| AM Green: | $25 billion | 1 GW | Greater Noida, UP |
| Adani Group: | $15 billion | 1 GW | Visakhapatnam |
| Reliance Industries: | $11 billion | 1 GW | Visakhapatnam |
| Tata Consultancy Services: | $6.50 billion | 1 GW | Multiple locations |
| Larsen & Toubro: | $3 billion | 300 MW | Multiple locations |
According to a Deloitte report, India's AI market is expected to reach $20-22 billion by 2027, posting a 30% CAGR. Despite hosting nearly 20% of the world's data, India accounts for only 3% of global data centre capacity, presenting a significant strategic opportunity.
Strategic Partnerships and Infrastructure
AM Green is reportedly in advanced talks with GPU-maker Nvidia's vendor partners to source server infrastructure for the project. These discussions are at advanced stages, with production of the facility targeted by March 2026. The company is also exploring partnerships across the technology ecosystem to support the massive infrastructure requirements.
Industry experts suggest that large domestic conglomerates are naturally positioned for data centre investments despite their capital-intensive nature. Their control over land and power resources, combined with strong balance sheets, allows them to absorb potential delays, cost inflation, component shortages, and regulatory challenges that might affect smaller players.
AM Green's Broader Portfolio
Beyond data centres, AM Green is establishing production facilities for green molecules, including green hydrogen, green ammonia, biofuels, e-methanol, and sustainable aviation fuels. The company is building a 1 million tonnes per annum primary aluminium smelter along with 2 mtpa of alumina refining and mining operations through its subsidiary AM Green Metals.
Recent strategic partnerships include potential investments from Malaysia's Gentari Sdn Bhd and Singapore's GIC Holdings Pte Ltd totaling $1.75 billion in AM Green Ammonia Holdings. The company has also signed agreements with Rio Tinto for renewable-powered aluminium facilities and Coal India Ltd for 4.50 GW of renewable power supply. AM Green plans to produce 5 million tonnes per annum of green ammonia, with the first 1 mtpa project in Kakinada expected to be commissioned in 2026 at a cost of ₹12,500.00 crore.
17
