NEW DELHI: Adani Green Energy LtdNSE 4.99 % has bagged the world’s largest solar bid entailing building a photovoltaic (PV) power plant of 8,000 MW and setting up a domestic solar panel manufacturing capacity of 2,000 MW, envisaging a total investment of roughly $6 billion.
Under the offering of domestic manufacturing-linked solar power projects from state-run renewable energy agency SECI (formerly Solar Energy Corporation of India), Azure Power will also get to build a PV project of 4,000 MW and solar kit manufacturing capacity of 1,000 MW.
The SECI board has approved the awards under the greenshoe in the tenders for the domestic manufacturing-linked projects, which closed in November last year, at a tariff of Rs 2.92 per unit discovered through a reverse auction.
