Adani Green Energy wins world’s biggest solar bid of Rs 45,000 crore

Adani Green Energy, the renewable energy arm of Adani Group, has bagged “the world’s largest solar tender” from the Union government to construct an 8-gigawatt (Gw) photovoltaic power plant and set up a 2-Gw solar cell and module manufacturing capacity in five years. This would entail an investment of Rs 45,000 crore at a time when companies in almost all sectors are looking to cut down capital expenditure.

With this win, the company is now the largest renewable power generator in the country with 15 Gw of renewable capacity under various stages of development. It is followed by ReNew Power with an 8.5-Gw capacity and Azure Power with a 6.5-Gw capacity.