Adani Green Energy Ltd has bagged the world's largest solar bid entailing building a photovoltaic (PV) power plant of 8 GW and setting up a domestic solar panel manufacturing capacity of 2 GW, envisaging a total investment of roughly $6 billion.
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The State-run renewable energy agency SECI (formerly Solar Energy Corporation of India) has awarded Adani Group’s renewable energy arm a project to build an 8 GW solar power plant and 2 GW of additional solar cell and module manufacturing capacity over the next five years.
The project, which Adani Green Energy Ltd (AGEL) claims is the “largest of its type”, will entail a single investment of $6 billion and is expected to create 4,00,000 direct and indirect jobs.
The development also helps AGEL overtake ReNew Power as the largest renewable player, as it will be managing a renewable portfolio with a 15 GW capacity compared with ReNew’s 8.65 GW renewable assets. Azure Power will become the third largest player.
The projects will include a variety of locations, including a 2 GW single-site generation project that is tied for the rank of the largest single-site project announced globally.
The solar cell and module manufacturing capacity of 2 GW will be established by 2022 and along with the existing 1.3 GW of capacity will further consolidate the Group’s position as India’s largest solar manufacturing facility.
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