Adani currently the world's largest solar power designer

Sep 7, 2020 12:50 PM ET
  • India's biggest private-sector thermal power producer-- which ranked as the sixth-largest solar gamer internationally in 2019-- has actually climbed to the top place adhering to a Solar Energy Corporation of India (Seci) award to create 8 GW of Indian solar project capability.
Adani currently the world's largest solar power designer
Image: Adani

India's Adani Group is the world's biggest solar power developer with 12.3 GW of a solar profile, according to a Mercom Capital position.

The ranking consists of the company's 2.2 GW of operating and 10.1 GW of unfinished and awarded solar capacity.

Hong Kong-based GCL New Energy is the second-largest solar programmer with 7.1 GW, adhered to by Japan's Softbank-backed SB Energy (6.9 GW) as well as Italy's Enel Green Power (5.9 GW).

Adani is the only Indian firm to place among leading 10 programmers internationally-- contrasted to the design, procurement, and also construction (EPC) market, where 4 of the leading 11 places were claimed by Indian companies (Sterling & Wilson Solar, Acme Solar, Mahindra, and Larsen & Toubro) in a Wiki-Solar position.

"Adani's renewable resource portfolio goes beyond the total ability set up by the whole United States solar sector in 2019 as well as will displace over 1.4 billion lots of carbon dioxide over the life of its properties"-- said Mercom in its ranking report. "The group is among one of the most fully incorporated solar players in the world, producing solar cells and also modules, embarking on project growth, construction, monetary structuring and also owning as well as running its properties with its robust inner possession monitoring platform"-- it added.

A Solar Energy Corporation of India (Seci) award for creating 8 GW of Indian solar project capacity has worked as a catalyst for Adani to rank at the top in the Mercom ranking. The Ahmedabad-based programmer landed the handle return for devoting to develop 2 GW of cell as well as module manufacturing ability in India as part of Seci's ambitious manufacturing-linked solar tender.

"This award, the largest of its kind ever worldwide, will certainly involve a single financial investment of $6 billion (Rs45,350 crore) as well as will certainly produce 400,000 direct as well as indirect work," reviewed an Adani declaration on the contract.


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