Adani wins world’s ‘largest’ solar project; to invest $6 billion
The Solar Energy Corporation of India (SECI) has awarded Adani Group’s renewable energy arm a project to build an 8 gigawatt (GW) solar power plant and 2 GW of additional solar cell and module manufacturing capacity over the next five years, the company announced Tuesday. The project, which Adani Green Energy Ltd (AGEL) claims is the “largest of its type”, will entail a single investment of $6 billion and is expected to create 4,00,000 direct and indirect jobs.
The development also helps AGEL overtake ReNew Power as the largest renewable player, as it will be managing a renewable portfolio with a 15 GW capacity compared with ReNew’s 8.65 GW renewable assets. Azure Power, which has a portfolio of over 7 GW in “various stages”, will become the third largest player.
