The Adani Group has begun manufacturing wafers and ingots used in solar power cells and modules at its factory in Gujarat. It aims to produce polysilicon by 2027/28 to become India’s first integrated renewable energy player.
The company, led by billionaire Gautam Adani, plans to generate 45 gigawatts (GW) of renewable power by 2030. Two-thirds of this will come from its $18.01 billion Khavda renewable energy park in Gujarat, near Pakistan.
Expanding renewable energy is crucial for Prime Minister Narendra Modi’s goal of making India carbon neutral by 2070.
“We are the first company in India to set up a factory for ingots and wafers of 2 gigawatts, and we have already started production,” said Vneet S Jaain, a director at ANIL New Industries Ltd (ANIL).
Adani currently imports polysilicon for making ingots used in solar cells. China dominates global production of solar wafer and ingots.
Adani is building a renewable manufacturing hub in Mundra, Gujarat, and plans to invest over 300 billion rupees ($3.60 billion) to expand its solar cell and wind turbine capacities.
The company produces 4 GW of solar cells and modules, mainly exported to the U.S. The goal is to increase this capacity to 10 GW.
ANIL manufactures 1.5 GW of wind turbines, aiming to increase to 2.5 GW by March and 5 GW by March 2027.
Renewable energy generation is managed by Adani Green Energy Ltd (AGEL), currently producing 11 GW of green power. The Khavda project, costing 1.5 trillion rupees, aims to generate 30 GW of renewable energy by 2030.
By March 2025, Khavda’s power generation will reach 6 GW, with plans for an additional 5 GW capacity each year after that.”
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