The Adani Green Energy Limited (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, the AGEL will develop 8 GW of solar projects along with a commitment that will see Adani Solar establish 2 GW of additional solar cell and module manufacturing capacity.
The award, the largest of its type, ever, in the world, will entail a single investment of Rs 45,000 crore and will create 400,000 direct and indirect jobs. It will also displace 900 million tonnes 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.
