Adani Solar Investment
Adani Solar has achieved a major milestone by shipping more than 15,000 MW of solar modules to the domestic and international markets. It has become the first and fastest Indian manufacturer to achieve this feat. Of the total consignment, 10,000 MW were deployed in India and 5,000 MW were exported abroad, which is equivalent to 2.8 crore modules covering about 7,500 football fields, officials said.
Nearly 70 percent of these modules were produced using Adani’s India-made solar cells, strengthening the company’s role in driving Make in India and Self-reliant India initiatives. Adani Solar plans to more than double its generation capacity from 4,000 MW to 10,000 MW by the next financial year and aims to generate an additional 15,000 MW in the coming years.
Indian origin company
The company is the only Indian manufacturer included in the world’s top 10 solar module producers by research firm Wood Mackenzie. Wood Mackenzie said in a report last week that India’s solar module manufacturing capacity is on track to cross 125 GW by 2025, more than three times the domestic market demand of about 40 GW. The report titled An Ideal Wave in the Indian Solar Supply Chain said that despite near-term challenges, India has clear potential to become a large-scale alternative to China’s solar supply chain dominance. With retail presence in over 550 districts through 35 exclusive channel partners, Adani Solar operates India’s largest solar module distribution network.
Big step for green energy
A company spokesperson said that our target of 15,000 MW reflects Adani Solar’s strong commitment towards India’s energy independence and clean energy future. Officials said the impact of Adani Solar’s consignment includes powering 50 lakh homes with affordable solar energy, creation of 2,500 green jobs, reduction of 60 million tonnes of carbon dioxide emissions annually and modules spanning 65,000 kilometers, which is enough to circle the Earth 1.5 times. India’s solar manufacturing capacity has grown from 2.3 GW in 2014 to an estimated 100 GW by 2025, and more than 100 domestic manufacturers are now active in the sector.