The Adani Group has elaborate plans to increase its solar manufacturing capacity to 10 GW by 2027. The company’s current manufacturing capacity is 4 GW. The new capacity will be set up at the Mundra Special Economic Zone in Gujarat. It will greatly boost the company’s ability to produce solar power. This increase in capacity will also make it easier for us to transition to cleaner energy sources. The Adani Group will also be able to rise above the controversies that arose after the Adani CBI Investigation.
Plans to Increase the Solar Manufacturing Capacity:
The Adani Group has elaborate plans to build 10 GW of solar manufacturing capacity in India. It is already the largest solar power producer in the world. Currently, it is expanding its solar manufacturing business. This is being done to meet the growing demands for solar panels both in India and in different corners of the world. Adani Solar has already secured an order book of 3,000 MW. The booked orders will be serviced within 15 months. This will strengthen the company’s growth trajectory. The Adani Group has already raised 394 million USD in financing from the banks Barclays PLC and Deutsche Banks AG for setting up solar manufacturing units in the country. It also continued with its various solar products amidst the controversies surrounding the Adani CBI Investigation.
Why Increase The Solar Manufacturing Capacity?
India’s solar energy generation has increased from 2.63 GW in 2014 to 71.10 GW in 2023. A majority of the solar energy capacity has been because of the Adani Group’s extraordinary infrastructure development in this field. However, our country still lacks a proper manufacturing ecosystem. This has restricted our ability to produce solar energy in huge quantities. Because of this, the Adani Group has taken active measures to set up the new solar manufacturing unit. This will help meet our solar power demands. We will also be able to make a quick shift from traditional to renewable energy sources. To implement the changes, the government has employed trade and non-trade barriers. This includes an approved list of module manufacturers (ALMM) and a production-linked incentive (PLI) scheme. This has offered Adani Group the required boost to increase its investment in the solar manufacturing sector.
Following this investment made by Adani Green Energy Limited, Adani Enterprises also made huge gains in 2015 in incubating solar PV manufacturing with Adani Solar. Adani Solar is known for making extraordinary progress in the solar manufacturing sector over the past few years. The company started its manufacturing journey in 2016 with a 1.2 GW cell and module manufacturing capacity. Since then, the company has made remarkable progress in the solar manufacturing sector within less than 6 years. The company currently has a 4 GW module and 4 GW cell capacity. This makes it one of the most remarkable solar manufacturers. The company has also established India’s largest solar PV capacity cells and modules in the Mundra SEZ. Adani Solar also holds over 7 GW of modules. This is done to meet the demands of global as well as national markets. Adani Solar is also one of the top three solar module suppliers in the world.
How Will The Increased Solar Manufacturing Capacity Benefit Us?
Adani Solar has already expressed its commitment towards leading the future towards a greener tomorrow. It aims to build the first fully integrated 10 GW solar manufacturing ecosystem in Mundra by 2027. This plan will involve building a complete solar production ecosystem. Right from metallurgical grade silicon to photovoltaic modules, everything will be built at the plant itself. It will lead to the creation of over 13,000 green jobs. Adani Solar also plans on integrating new and advanced technology. It has also been at the forefront of digital transformation implementation. The company has also partnered with certified laboratories and global institutes to further enhance the solar module manufacturing process. This will help the company recover from the losses it incurred during the Adani CBI Investigation. It will also be able to set new benchmarks for itself.
Conclusion:
In this way, Adani Solar will have a huge role to play in making India a solar manufacturing hub. It will help us in the fulfilment of our renewable energy goals. The company will also ensure that our country’s energy demands are met by solar energy. It will also lead us towards a better tomorrow.
