Adani Wins World’s Largest Solar Bid

Adani founder Gautam Adani

Adani Green Energy Ltd grabbed world’s largest solar energy deal worth $6 billion to develop 10GW of solar projects. It also made it India’s largest renewable player, managing a renewable portfolio of 15GW.

Crux of the Matter

India’s Renewable Energy Vision
India has set a target to set up plants and sources to produce 175 GW of renewable energy by 2022. Today, India is no longer facing a financial challenge but a technical challenge. Experts believe that India needs non-financial support like project development, policy support, legislative enablers, and coordinated implementation ecosystem to achieve its target of sustainable development and energy production. India’s current solar cell manufacturing capacity is 3.3GW, and its module making capacity is 8GW. India intends to produce 40% of energy by non-fossil sources by 2030.

Green Deal
Adani green has grabbed the contract to build an 8GW solar power plant and 2GW solar cell and module manufacturing plant from Solar Energy Corporation of India in a deal worth $6 billion. The plant would create 4,00,000 direct and indirect job opportunities while displacing 900 million tonnes of carbon dioxide over its lifetime. The first 2GW plant would be online by 2022 and the subsequent 6GW capacity would be added in 2 GW annual increments by 2025.

The deal increases the total managing capacity of the Adani group to 15 GW (including under construction, operation, and contract), making Adani Green India’s largest player managing renewable energy portfolio. The group has pledged to achieve renewable energy generation of 25 GW by 2025. Moreover, Azure Power is assigned to build a Solar PV project of 4GW and to set up a solar kit manufacturing plant of 1GW.

Five Largest Solar Power Plants in India

  • Bhadla Solar Park – 2,250MW – Rajasthan’s Jodhpur district
  • Shakti Sthala Solar Power Project – 2,050MW – Tumakuru district, Karnataka
  • Ultra Mega Solar Park – 1,000MW – Kurnool district, Andhra Pradesh
  • Rewa Solar Power Project – 750MW – Madhya Pradesh
  • Kamuthi solar power plant – 648MW – Tamil Nadu
  • The Carmichael coal mine is a thermal coal mine in the north of the Galilee Basin in Central Queensland, Australia, approved by the Queensland and federal Australian governments. The mine was proposed by Adani Mining, a wholly owned subsidiary of India’s Adani Group. The mine has drawn controversy about its potential impact on the Great Barrier Reef, affecting the groundwater at its site while releasing its carbon emissions. It would be the largest coal mine in Australia and one of the largest in the world.
  • Mundra Port is the largest private port of India, located on the north shores of the Gulf of Kutch near Mundra, Gujarat. Formerly it was operated by Mundra Port and Special Economic Zone Limited (MPSEZ) owned by Adani Group which was later expanded into Adani Ports & SEZ Limited (APSEZ) managing several ports. In 2013–2014, Mundra Port became the first India port to handle 100 million tonnes of cargo.
  • Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist who is the chairman and founder of the Adani Group — an Ahmedabad-based multinational conglomerate involved in port development and operations in India. According to Forbes, his net worth is estimated to be around $15.7 billion as of October 2019. In 2019, he was ranked as the 3rd most powerful person in India by India Today.