Adani’s EPC arm to add 2 GW cell and module capacity
POWER & RENEWABLE ENERGY

Adani’s EPC arm to add 2 GW cell and module capacity

Adani Solar, the EPC arm and the solar PV manufacturing unit of Adani Group, is assessing a 2 GW cell and module development at its manufacturing plant in Mundra, Gujarat. With a cumulative capacity of 3.5 GW of high-efficiency cells and modules, Adani Solar is the country’s biggest integrated module and solar cell manufacturer with a capacity of 1.5 GW. The new capacity is anticipated to come online by 2021.

The capacity addition can partly fulfil a domestic demand that is poised to reach 10-12 GW in 2021. Presently, Indian firms hold 3 GW of cell and about 9-10 GW of module production capacity. Today, a majority of the solar modules used in numerous projects are imported from China.

Adani says the large-capacity, single-location plant will also equip them with supply chain benefits, further improving their competitiveness and cost efficiency and help them achieve price congruity with Chinese manufacturers. Without quantifying the intended investment, the group says 70% of its energy-related capex will be used on renewables and they will be installing the world’s largest portfolio of renewable energy in the upcoming years.

Post-expansion, the company is planning for a direct hiring of about 5,000 people and indirect employment of about 70,000 people in India. The plant will also encourage development in the country's supplier ecosystem and give assistance to various players across the value chain.

Adani Solar, the EPC arm and the solar PV manufacturing unit of Adani Group, is assessing a 2 GW cell and module development at its manufacturing plant in Mundra, Gujarat. With a cumulative capacity of 3.5 GW of high-efficiency cells and modules, Adani Solar is the country’s biggest integrated module and solar cell manufacturer with a capacity of 1.5 GW. The new capacity is anticipated to come online by 2021. The capacity addition can partly fulfil a domestic demand that is poised to reach 10-12 GW in 2021. Presently, Indian firms hold 3 GW of cell and about 9-10 GW of module production capacity. Today, a majority of the solar modules used in numerous projects are imported from China. Adani says the large-capacity, single-location plant will also equip them with supply chain benefits, further improving their competitiveness and cost efficiency and help them achieve price congruity with Chinese manufacturers. Without quantifying the intended investment, the group says 70% of its energy-related capex will be used on renewables and they will be installing the world’s largest portfolio of renewable energy in the upcoming years. Post-expansion, the company is planning for a direct hiring of about 5,000 people and indirect employment of about 70,000 people in India. The plant will also encourage development in the country's supplier ecosystem and give assistance to various players across the value chain.

Next Story
Infrastructure Energy

Rs 15K Sq Km of Mahanadi Onshore Basin Being Scouted For Oil, Natural Gas

Oil India Limited is exploring around 15,000 sq km area on Mahanadi onshore basin to look for oil and natural gas. Speaking at an event here on Monday, Oil India chairman and managing director (CMD) Ranjit Rath said the exploration work is underway at the Mahanadi onshore basin and Odisha has the likelihood to immensely benefit out of it. Oil India also has other huge investments going on in the state, he added. This apart, Rath said they are also laying the longest crude oil pipeline in the country of which 200 km will pass through Odisha. “We are laying the pipeline as part of the proposed..

Next Story
Infrastructure Energy

HPCL Signs Pact with NLDS For Integration Of API

Hindustan Petroleum Corporation Ltd (HPCL) has signed an agreement with NICDC arm to integrate its APIs with Unified Logistics Interface Platform (ULIP), an official statement said on Monday. National Industrial Corridor Development Corporation Ltd (NICDC) is the implementing agency of India's ambitious infrastructure programme to develop industrial cities. "This partnership is a significant step towards enhancing transparency, operational efficiency, and innovation in India's logistics sector," the commerce and industry ministry said. It said the HPCL API of ULIP provides fuel station and pri..

Next Story
Infrastructure Energy

Centre Doesn’t Owe Any Mining Royalty Dues: Minister

The Union govt has denied that it owes Jharkhand around Rs 1.36 trillion in mining (coal) royalty, an issue the mineral-rich state has been raising since long. The statement of the Union finance ministry in the Lok Sabha on Monday could further strain relations between the Centre and the state, where the Hemant Soren-led INDIA bloc govt has been claiming that Jharkhand has been denied its bonafide due in lieu of mining coal by several public sector units. While responding to a query raised by Purnia (Bihar) MP Rajesh Ranjan (Pappu Yadav) in Lok Sabha, Union minister of state for finance Pankaj..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000