10,000 MW solar park in Rajasthan, biggest in the country

June 16, 2015 15:12
10,000 MW solar park in Rajasthan, biggest in the country

Adani Group has signed a joint venture agreement with the Rajasthan Government to set up a 10,000 MW solar park with a target of 10,000 mega watts (MW) of solar power by 2022, which will emerge as the largest such integrated facility in India. Adani Renewable Energy Park Rajasthan Ltd., will have a 50-50 equity partnership with the state government. The park is expected to attract investments of over Rs. 60,000 crore, which will include generation projects and a massive manufacturing unit for solar module, parts and equipment. Adani plans to generate 5,000 MW from this solar park. The proposed park will create huge, both direct and indirect employment opportunities.

"This project will be India's largest solar park and will also house manufacturing facilities to be set up under the country's ambitious 'Make In India' initiative. We have embarked upon a mission of becoming a world leader in renewable power generation technologies, with a special focus on solar. The development of Solar Park facility is our contribution towards realization of our Prime Minister's campaign and commitment towards clean and green energy in India," said Gautam Adani, the chairman of Adani Group.

"Adani Group has set a target of 10,000 megawatts (MW) of solar power by 2022 and has signed a joint venture agreement with the government of Rajasthan to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India," the company said in a statement. The solar park will produce clean and green energy of about 16,644 million units, furthering India’s goals for clean, renewable energy independence, Adani Enterprises said.

Adani Enterprises had also signed a memorandum of understanding with the U.S. based SunEdison Inc to jointly invest $4 billion for setting up India’s largest solar photo-voltaic making plant at Mundra in Gujarat.

Adani Power is a private thermal power generating company having an installed base of 10,480 MW. Along with coal based power generation, it also operates a 40 MW Solar PV Plant in Kutch, Gujarat.

The government of Rajasthan is determined to enhance the solar power generation capacity in the state to 25,000 MW capacity by 2022. Indian government has announced to set up 100,000 MW of solar capacity by 2022. Guidelines are issued for setting at least 25 solar parks, each with a capacity of 500 MW and above across the country.

By Premji

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Tagged Under :
Solar energy  Rajasthan  Adani Group