Adani Green Energy to develop eight GW solar power projects

It will also displace 900 million tonne of carbon dioxide over its lifetimeAdani Green Energy (AGEL) has won the first-of-its-kind manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a part of the award, AGEL will develop eight GW solar projects along with a commitment that will see Adani Solar establish two GW of additional solar cell and module manufacturing capacity. This award, the largest of its type ever in the world, will entail a single investment of Rs 45,000 crore (USD six billion) and will create 4,00,000 direct and indirect jobs. It will also displace 900 million tonne of carbon dioxide over its lifetime. With this win, AGEL will now have 15 GW capacity under operation, construction or under contract thereby accelerating its journey towards becoming the world’s largest renewables company by 2025. This award will take the company closer to its target of achieving an installed generation capacity of 25 GW of renewable power by 2025 which in turn will see it committing an investment of Rs 1,12,000 crore (USD 15 billion) in the renewable energy space over the next five years. The first two GW of generation capacity will come online by 2022 and the subsequent six GW capacity will be added in two GW annual increments through 2025. The projects will include a variety of locations, including a two 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 two GW will be established by 2022 and along with the existing 1.3 GW of capacity.

Adani Green Energy, Solar agreement, Solar Energy Corporation of India, SECI, Solar projects, Adani Solar, Solar cell and module manufacturing, Carbon dioxide, World’s largest renewables company, Renewable energy space

Adani Green Energy (AGEL) has won the first-of-its-kind manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI).

As a part of the award, AGEL will develop eight GW solar projects along with a commitment that will see Adani Solar establish two GW of additional solar cell and module manufacturing capacity.

This award, the largest of its type ever in the world, will entail a single investment of Rs 45,000 crore (USD six billion) and will create 4,00,000 direct and indirect jobs.

It will also displace 900 million tonne of carbon dioxide over its lifetime. With this win, AGEL will now have 15 GW capacity under operation, construction or under contract thereby accelerating its journey towards becoming the world’s largest renewables company by 2025.

This award will take the company closer to its target of achieving an installed generation capacity of 25 GW of renewable power by 2025 which in turn will see it committing an investment of Rs 1,12,000 crore (USD 15 billion)  in the renewable energy space over the next five years.

The first two GW of generation capacity will come online by 2022 and the subsequent six GW capacity will be added in two GW annual increments through 2025.

The projects will include a variety of locations, including a two 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 two GW will be established by 2022 and along with the existing 1.3 GW of capacity.

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