Adani Green Energy Ltd. (AGEL) has won the first of its kind manufacturing-linked solar agreement from the Solar Energy Corp. of India (SECI).
As a part of the award, AGEL will build 8 gigawatts of solar projects, along with a commitment that will see Adani Solar establish 2 gigawatts of additional solar cell and module manufacturing capacity. This award, the largest of its type ever in the world, will entail a single investment of $6 billion and will displace 900 million tonnes of carbon dioxide over its lifetime.
With this win, AGEL will now have 15 gigawatts of capacity under operation, construction or under contract, thereby accelerating its journey toward becoming the world’s largest renewables company by 2025. This award will also take AGEL closer to its target of achieving an installed generation capacity of 25 gigawatts of renewable power by 2025, which in turn will see it committing a total investment of $15 billion in the renewable energy space over the nex
