Adani Green Energy Ltd wins solar bid worth 6 billion USD

Adani Green Energy Limited (AGEL) has won the first-of-its-kind manufacturing-linked solar agreement from the Solar Energy Corporation of India (SECI). This award will entail a single investment of Rs 45,000 crore (six billion USD) and will create 4,00,000 direct and indirect jobs, the company said in an official release on Tuesday.

As a part of the award, the company will develop eight gigawatt (GW) of solar projects, along with a commitment that will see Adani Solar establish two GW of additional solar cell and module manufacturing capacity, the release stated. Adani Solar (Mundra Solar PV Ltd) is the solar PV (photovoltaic) manufacturing arm of the Adani Group.