Solar Energy Corporation of India (SECI) has given a formal green light to Adani Green Energy Limited, which won the contract to develop solar plants with a cumulative capacity of 8 GW, with module manufacturing for 2 GW, requiring a total investment of $6 billion. The first instalment of 2 GW is expected to be commissioned by 2022, while the rest is expected to come online by 2025. Further, Adani will also establish a solar cell and module manufacturing capacity of 2 GW by 2022. Adani is to set up the solar manufacturing capacity in Gujarat while the solar projects could be across states.
In January 2020, Adani Green Energy Limited along with Azure Power won SECI’s manufacturing linked tender for 7 GW of solar capacity. Both companies won the bid to develop 2,000 MW of projects with 500 MW of manufacturing capacity.The tender also had a greenshoe option, where the companies could opt for additional capacity to develop and manufacture. Under thegreenshoe option, Adani offered an additional capacity of 1,500 MW solar cell and module manufacturing and 6 GW of solar project development. Thus,Adani’s total committed capacity comes to 8 GW of project capacity and 2 GW of solar cell module manufacturing.