10,000 MW solar park for India
The Adani group has signed a memorandum of understanding with the Rajasthan government to jointly set up India's largest solar park with a capacity of 10,000MW, the company said yesterday. The facility will come up as a joint venture with Rajasthan Renewable Energy Corp and will include generation projects and a manufacturing unit for solar module, parts and equipment.
The Adani group is the country's largest private coal trader and also operates thermal power plants. The new project underscores its interest in solar power. It had recently established a joint venture with US-based Sun Edison to build a solar photovoltaic manufacturing facility in Gujarat with an investment of up to $4 billion (Rs 24,800 crore).
"India has embarked upon an ambitious programme of becoming a world leader in renewable power generation, with a special focus on solar. The development of the solar park facility is our contribution towards realisation of our Prime Minister's campaign and commitment towards clean and green energy in India," Chairman Gautam Adani said.
The solar park will produce about 16,644 million units, the company said in a statement. The Indian government had announced plans to set up 100,000 MW of solar capacity by 2022. It had also issued guidelines for setting up at least 25 solar parks, each with a capacity of at least 500 MW.
